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


To: HairBall who wrote (48389)4/27/2000 11:44:00 AM
From: AllansAlias  Read Replies (3) | Respond to of 99985
 
As hard as it is to believe, I make both the DOW and the Composite as breaking to the upside out of their pennants (bear traps). The market is right, the rest is just oversized brains at work.

Strange but true. We gap down just over 3% and then we rally almost 4%. The word volatility in an historical context no longer applies to this market.

My guess is we'll form an H&S intraday, but WTHDIK.

--Allan



To: HairBall who wrote (48389)4/27/2000 12:36:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
Nasdaq... Up Or Down???
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We have the makings of a Symmetrical triangle:
siliconinvestor.com

Which ever way it breaks is usually an indication of the start of a trend...
chartpatterns.com

Jim