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


To: Casaubon who wrote (52629)5/31/2000 12:29:00 AM
From: fubsy cooter  Read Replies (1) | Respond to of 99985
 
When does the fear strike? Employment dat is Friday.
Is the sell Wednesday mid morning? Afternoon? Can we make it till Thursday? WishI couyld watch it closer. Any opinions? fubsy



To: Casaubon who wrote (52629)6/3/2000 1:10:00 AM
From: Casaubon  Read Replies (2) | Respond to of 99985
 
OK, this is pretty close to finishing the top of the neckline, on the right side of the head, right on QQQ <ggg>.

stockcharts.com[PB50!B200!D20,2][VC60][IUB14!LA12,26,9!LI14,3]

The stochastics are toppy, so after a brief monday morning ramp job (this may actually hold until tuesday), I expect a decline to the 200 DMA to create the right shoulder. Then, it's upwards to 4,400, or so, to complete the measured move of the inverse head and shoulders.

Beyond that, I can't say <ggg>.