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


To: James Strauss who wrote (54682)6/20/2000 11:11:00 AM
From: HairBall  Respond to of 99985
 
James Strauss: Thanks for the input...

NDX <----- I have 4308/9 as next major resistance.

SPX <----- I have 1526/7 as next major resistance and prior to that I have a previous rising wedge lower trend line as resistance coming into play today.

INDU <---- I have the Dow 30 Industrials having already found resistance at the falling trend line of its in play triangle days ago. Actually I am now looking for support for that Index.

COMPX <--- I have 4475 as next major resistance with the lower trend line of its previous rising wedge in play today.

Sew expects a top today in the NDX/COMPX today if my memory serves me correctly. My stuff is pointing to the same. In the past when his stuff married up with my stuff we rarely missed...

Frankly, I received a intraday sell signal via my new intraday indicator at 10:35am ET. Time will tell if it extends. I am alreay in a short position, but since to post the trade would be after the, I shall refrain. However, I am already in the black and trailing my stop to lock in profits.

Regards,
LG