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


To: HairBall who wrote (55482)6/27/2000 3:28:00 PM
From: HairBall  Respond to of 99985
 
To All: In addition to the previously mentioned bearish rising wedges and flags, today's price action has revealed some bullish falling wedges on nearly all of the primary indexes I follow. They are the shorter-term of the formations and usually the longer-term formations rule.

However, these shorter-term formations delay follow through to the downside after the bearish formations break and can on occasion result in a reversal eventually negating the longer-term trend.

The direction struggle continues...

Regards,
LG