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


To: el paradisio who wrote (55451)6/27/2000 12:35:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
el and all: Intraday either a bearish wedge or bearish flag has formed on the INDU, NDX, COMP, COMPX, NYA, SPX, SP Emini and NAZ Emini charts. Each pattern originated either last Thursday or Friday. (15-min semi-log charts)

Note: Bearish formations usually break down, however chart formations are not 100% and are less reliable the shorter the term. I suggest it is worth the effort to locate them, plot them and keep an eye on the bounding trend lines for a break up or down...

EDIT: I expect a resolution of the formations today at the latest tomorrow.

Regards,
LG