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

To: HairBall who wrote (49984)	5/9/2000 2:27:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

The three NAZ Indices I follow are the COMPX (NASDAQ Composite), NDX (NASDAQ 100 Compostie) and the NAZ Emini. Each of the above indices has a similar bearish flag. However, each has progressed down to the lower supporting trend line in a staggered manner. First to test and breach was the COMPX, next was the NDX and now the NAZ Emini is testing its support line. The test of each support line has produce a stall in the decline. Will this third test produce more than just a bounce... Two of my three primary intraday (varied interval) indicators are in the oversold area and the longer-term interval is approaching oversold! I must admit, today's price action has kept me from unplugging and breaking down my computers as planned. It has been interesting and profitable! I hope I can still get my insurance check today...LOL! Regards, LG

To: HairBall who wrote (49984)	5/9/2000 2:30:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

The 200-day SMA for the COMPX (NASDAQ Composite) is currently at 3577.86 as I type....it has already been breached! LG: I use an exponential 200 day MA on a less than 2 month period of time... Each chart setting creates another 200 day MA point... This 1 year BigChart reading with a 200 day EMA shows the average sitting around 3400... chart.bigcharts.com This 2 month chart shows the 200 day EMA at 3350... chart.bigcharts.com Jim