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

To: HairBall who wrote (55457)	6/27/2000 3:04:00 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 99985

LG, please put your future - looking glasses on and tell me please what is your feeling as to the guidance that we are likely to get after July 7 when earnings season is on, from the various companies: ie what will be their guidance for the following 6 months or 12 months. The average guidance that is. I understand this outside charting in a way but I'll look anyway for your educated guess or gut feeling as the case may be, thanx ( I'll be back later to read it ), TA Message #55457 from LG at Jun 27, 2000 12:35 PM ET 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