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

To: Saulamanca who wrote (53736)	6/12/2000 10:40:00 AM
From: 10K a day	Read Replies (1) \| Respond to of 99985

Oh I agree - Jim... We are going down.

To: Saulamanca who wrote (53736)	6/12/2000 10:48:00 AM
From: HairBall	Respond to of 99985

Jim Bryan: I saw the triangle I think you are talking about, it was actually bullish. Sometimes there are formations within formations...the charts can get fairly cluttered. When this happens, I try to stay with what I determine to be the more important formations...time will tell! I uploaded a new chart with the triangle added I "think" you are talking about... My QCharts NDX (NASDAQ 100 Composite Index) 60-Minute Semi-Log Chart marketdirectionanalysis.homestead.com ------------------------------------------------- My QChart Trend Lines My charts are screen captured at (1024 x 768) and are best viewed at that resolution. Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines (SRLs) are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations, but on occasion are used to depict longer-term formations as well. ------------------------------------------------- Regards, LG