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

To: HairBall who wrote (55116)	6/23/2000 1:54:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Bearish intraday chart formations breaking to the norm... INDU <----- Bearish Rising Wedge NDX <----- Bearish Pennant COMP <----- Bearish Rising Wedge COMPX <----- Bearish Pennant NYA <----- Bearish Rising Wedge Regards, LG

To: HairBall who wrote (55116)	6/23/2000 2:03:00 PM
From: eichler	Read Replies (3) \| Respond to of 99985

Regards LG Kind of thinkin' COMPX will hold the line at this level (last breakout on the 60 min charts) around 3870. I was thinking a short term trading range from 3870 to last highs would be likely for a few days. I don't think were ready for the next big drop yet, summer rally (select few stocks of course) could go longer. Record short positions among the big boys and severe distribution encourages paying attention to breakouts either way from key levels of resistance/support and ensuing long or short plays. Anyway, working for me... so far. LOL FWIW just an opinion (trying to think like a criminal) Eichler