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


To: James Strauss who wrote (49939)5/9/2000 12:41:00 PM
From: flatsville  Read Replies (2) | Respond to of 99985
 
I see how they connected the line (running through the 4/24 tail,) but I think a break of the lower line of bear flag at 3600 (formed by connecting the 4/17 and 4/24 lows) was important to watch.

chartpatterns.com

Also the triangle you see and mentioned to el is a symmetrical triangle in an UPTREND. This looks like a down trend to me--thus no triangle.

chartpatterns.com

Message 13635510

Again it's all in how you draw the lines...



To: James Strauss who wrote (49939)5/9/2000 9:56:00 PM
From: marginmike  Respond to of 99985
 
Great system I use it as well