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


To: el paradisio who wrote (50582)5/12/2000 3:28:00 PM
From: JH  Read Replies (1) | Respond to of 99985
 
<Braking to the downside your 84
will means,that rally is over.Braking my 87 3/4 to the upside will suggest that another rally is on the way>

Sorry, but you mean "breaking" as in rupturing through?

Or "braking" as in stopping?



To: el paradisio who wrote (50582)5/13/2000 1:50:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
A Little More Is Needed...
*****************************
el:

The QQQ stopped right on the trendline at 84 and just below the 10 day MA used by short term traders... This was a weak closing... It suggests a retest of the 78 to 82 area...
chart.bigcharts.com

Also note the very weak volume... It's hard to breakout without volume...

Jim