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


To: Michael Watkins who wrote (49179)5/3/2000 12:18:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Watch Nasdaq 3600 To 3656...
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The Nasdaq is seesawing back and forth without conviction... Look for a test in the 3600 to 3656 area... This resides on the lower ascending trendline... The upper descending trendline is in the 4124 area... So, we need to hold 3600 and eventually break through 4124... If we don't, we'll be saying "Hello 3400" again...
bigcharts.com

The 5 day chart is not too pretty... But, there are possible bottoms in MACD and Williams%R...
bigcharts.com

Jim



To: Michael Watkins who wrote (49179)5/3/2000 12:36:00 PM
From: set  Read Replies (1) | Respond to of 99985
 
users.uswest.net

Without being specific, I think there's still plenty
of room to fall. Glad you had a good day.

EDIT: this chart reminds me of what happened in copper
a few months ago.