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

To: HairBall who wrote (51751)	5/23/2000 7:45:00 AM
From: lurqer	Read Replies (1) \| Respond to of 99985

Thanks for the charts LG. FWIW here's an interesting "straw in the wind". Message 13756207 Hanging around... lurqer

To: HairBall who wrote (51751)	5/23/2000 7:55:00 AM
From: John Madarasz	Respond to of 99985

Thanks for the charts LG Good Trading

To: HairBall who wrote (51751)	5/23/2000 8:00:00 AM
From: Didi	Respond to of 99985

Superb charts, LG. Appreciate your effort. di eom

To: HairBall who wrote (51751)	5/23/2000 8:36:00 AM
From: Les H	Respond to of 99985

Thanks for posting your charts.

To: HairBall who wrote (51751)	5/23/2000 8:57:00 AM
From: UnBelievable	Read Replies (2) \| Respond to of 99985

A Few Questions About the Charts- It is very helpful to me to be able to see your charts and read your comments concerning what they indicate. If you get a chance I have a couple of questions which would aid my understanding. Monday it made a significant move toward the previous 90 Rising Trading Channel I believe that this channel is represented on the chart by the dashed blue line immediately above the 90 Rising Trading Channel notation which seems to lead to 2875. Is this correct? I had been looking for two line within which was the "channel" but based on your comments it seems like the channel is represented by the single line which represents the trend. Is there a normal standard deviation for a channel? A retrace rally is in progress, look for previous support to act as resistance. Are there any general comments you could make concerning a retrace and a retrace rally? Is it a retrace to a specific dollar value or a retrace of the pattern itself? In addition to the blue ascending triangle what other elements of support which now can be expected to provide resistance? I appreciate the time you spend sharing your work. Thanks again.