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


To: flatsville who wrote (44721)4/3/2000 1:31:00 PM
From: HairBall  Respond to of 99985
 
fatsiville: Actually it is not a support area, but a support/resistance area. (SRL) Coming up with a strength for any support or resistance level or trend line is subjective. For horizontal SRLs, I base it on several items...magnitudes of reversals, number of reversals/pivots and amount of price action.

This horizontal price action area has several previous pivot points in the range. Let's see if it holds...

Regards,
LG



To: flatsville who wrote (44721)4/3/2000 2:55:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
flatsville: I suspect the COMPX 4303 area is going to be broken before day's end. And even though the 11120 SR area in the Dow was breach the price will slide back below into the close.

EDIT: At the least a retest of each area!

Regards,
LG