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

To: HairBall who wrote (47868)	4/24/2000 12:28:00 PM
From: HairBall	Respond to of 99985

NAZ Emini: <----- So far the pivot point mentioned earlier just above the Fib retrace level of 83.3% that occurred at 10:38am ET...has so far produced an intraday rally. However, the rally (looking at the five minute bars) has shaped up to be a bearish rising wedge with the apex coming at 13:20 ET. I suspect a resolution prior... A break to the norm (below the lower support line) would be down calling for at a minimum a retrace of the formation. A negation (break above the upper resistance trend line) would signal the likelihood of a continuation of the rally providing a test of the gap down. Regards, LG