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

To: flatsville who wrote (51244)	5/19/2000 11:32:00 AM
From: James Berg	Respond to of 99985

I believe it has bounced off of 3200 twice, and 3300 the last time. But in those instances, it bounced very hard and didn't stay near those numbers for long. This time could be different...

To: flatsville who wrote (51244)	5/19/2000 11:34:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

flatsville: Well I follow the NAZ Emini (NQ00M), but I think 3300 is in a bonafide support area range. By the way, all support/resistance areas are psychological...<g> Do I think 3300 will hold...NO! However, I think we may get a intraday rally here...my intraday stochastic indicators: 15-min oversold, 30-min oversold, 60-min approaching oversold. (By the time I get this response typed and posted a bounce will have already begun.) How well the 3300 area holds may tell us if a retrace (more than a bounce) will occur either before or after the May 10th low is tested! Regards, LG