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

To: the Chief who wrote (50150)	5/10/2000 2:40:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

the Chief: Well I am not sure how you came by 3360 as a pivot point for the COMPX, especially since Death Sphincter caught me in a boo boo. The LG retrace level of 83.3 has proven to be at least a bounce point. The NDX penetrated the level slightly, the COMPX bounced just above and the NAZ Emini penetrated the 83.3% level slightly before bouncing as well. Just as likely the pivot points on 4/24 have come into to play as well for support. Now let's see if you're right about that being "the" bottom! My technicals are signaling a intraday rally is due. Let's see if this is it...I don't think the bottom is in yet...<gg> Regards, LG