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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (42910)3/14/2000 10:55:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
heinz blasnik: Predicting the magnitude of moves IMO is just hyperbole. Identifying psychological support resistance areas based on previous price/volume action, is the more reasonable approach. Then they can be watched as (if) they come into play. Action can then be taken (or not) based on contemporaneous indicators.

The NASDAQ Composite has been around more than long enough for that.

Regards,
LG