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

To: KY who wrote (49967)5/9/2000 1:45:00 PM
From: Wayners  Respond to of 99985
 
3600 is very significant because its on the only uptrend line holding the nasdaq composite up. The line connects lows of April 17th and April 24th. IMO, if this breaks---we're retesting the 3200 low for starters. That will be a quick 400 point drop (a few days). That makes the uptrend off the 3200 low a Bear Flag. Thank you Barrons.



To: KY who wrote (49967)5/9/2000 1:46:00 PM
From: RealMuLan  Respond to of 99985
 
3580 is around 200 day moving average. There are only three days NAS went below 200 DMA. I think after closing that gap around 3500, NAS will bounce back somewhat, at least for short term.


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