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


To: SBerglowe who wrote (48377)4/27/2000 11:13:00 AM
From: AllansAlias  Read Replies (1) | Respond to of 99985
 
I have no idea what those graphs mean (I will check them after-hours.), but they are WAY COOL!

DOW broke down out of its small pennant to the bottom of an enclosing pennant. Downside projection for the outer one would be stunning.

NASDAQ composite has respected the downtrend line going from yesterday's high through today's high. This line goes into the top of a pennant as well, and break to the downside would be something below the 3635 neighbourhood.

--Allan

edit: 3625 neighbourhood