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


To: HairBall who wrote (53689)6/11/2000 6:53:00 PM
From: Stcgg  Read Replies (1) | Respond to of 99985
 
LG's COMPX is Sporting a Bear Flag..

He didn't draw the flag, but it's there..

marketdirectionanalysis.homestead.com

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To: HairBall who wrote (53689)6/11/2000 10:36:00 PM
From: el paradisio  Read Replies (2) | Respond to of 99985
 
LG,thanks for the charts.On NYA,INDU and COMPX nothing was broken so far,but it's getting hot...
I would look on the last days play,but on monthly charts:
NYA,ascending
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Bullish,however any drop from the recent close can be danger.That 3 last candles are important,suggesting a big move in either direction.

INDU,symmetrical
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Also,that 3 last candles are pointing a big move.

COMPX
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In play,2 last candles.A bullish engulfing???
It would be too bullish...I think, that the last week congestion must be solved fast in either direction.
The top can be at 4000 and 4185(the gap down on Apr 10)
The bottom, at 3600 and 2920.
Question...bonds,I am not sure,where I am supposed to place them in my system....DXY will go in the same direction as the market,or the opposite???
I think,the bonds may go back with the market again,de-couple.What do you think ???
BTW,all tops and bottoms are for a short and mid-term.
el