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


To: flatsville who wrote (49796)5/8/2000 3:10:00 PM
From: HairBall  Respond to of 99985
 
flatsville: The NAZ Comp is trying to find a little support at the low on 5/4 in the range of 3679 after breaking slightly below the rising thin red line...<g> The rising thin red line on the NDX chart is offering more support...so far!

Note: Similar patterns and trend lines on the NAZ Emini chart!

The slight bounce/pause in progress, time will tell if it proves tradable...<g>

Regards,
LG



To: flatsville who wrote (49796)5/9/2000 11:41:00 AM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
The chart I'm looking at with my own hand drawn lines looks like LG's...and 3720 doesn't look like any kind of bottom trendline support to me.

Flat:

I'm using Worden Bros. TC2000 daily chart on the highest zoom which gives 1 1/2 to 2 months of data... 4/17, 4/24 and 5/3 lowest price points are connected by a straight line... It ends up in the 3720 area...

Jim