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

To: HairBall who wrote (48035)	4/25/2000 2:11:00 PM
From: No Mo Mo	Read Replies (4) \| Respond to of 99985

LG- I've read references to an "island reversal" on a couple threads today. Can you explain what it is? TIA. -Darin

To: HairBall who wrote (48035)	4/25/2000 2:59:00 PM
From: DOUG H	Read Replies (1) \| Respond to of 99985

I looked for some reference to your 3250 bounce and could not find one on the NDX, NAZ Emini or NAZ Comp. That's a good thing because if you had found it, it would mean your eyes are as bad as mine! <gg> Actually, I was looking at the Naz Comp, which bottomed near 3350. (But what's 100 naz pts. between friends) Re: trendlines. On the Naz Comp. When I take the highs from 4/10 and 4/19 and draw a descending line, it seems to cross the 3550/3600 area. So my question would be, "Is that the overhead resistence for that index?"