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


To: dennis michael patterson who wrote (43480)3/17/2000 3:22:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
dmp and All: The NYA hit the Fib retrace level of 83.3% (640.03) and pulled back or at least stalled. The COMPX found resistance at the horizontal price action support/resistance area of 4800.

Regards,
LG



To: dennis michael patterson who wrote (43480)3/17/2000 3:39:00 PM
From: Stcgg  Read Replies (1) | Respond to of 99985
 
Nasdaq is Making a H&S Top..

My Preferred View -

It's completing a corrective Wave 2 in a New Bear Mkt for this Index, joining the others already there.. Wave 3 should form the right neckline (around 3500) - It's showing the same pattern as AOL did back @ $95 last December, before tumbling to $49.. Wave 4 will correct to the right shoulder then the April 15th tax sale will close the speculative season again till next Fall (unless we Crash)..

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