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

To: Michael Watkins who wrote (44527)	3/31/2000 10:45:00 AM
From: HairBall	Respond to of 99985

Michael Watkins: I have drawn a series of short to shorter-term descending resistance lines. These can help to see how strong any rebound will be. So far, not so strong... My QCharts COMPX (NASDAQ Composite) 15-Minute Semi-Log Chart marketdirectionanalysis.homestead.com ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines (SRLs) are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations. ------------------------------------------------- Regards, LG QChart/QFeed Disclaimer: Although I currently continue to use this service I can no longer recommend it in good faith, as the service has become unreliable, IMO.