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

To: Rock_nj who wrote (56322)	7/10/2000 11:50:35 AM
From: el paradisio	Read Replies (1) \| Respond to of 99985

I think,in the next few days,the market will take a final decision...bull or bear. INDU,resistance at 10,750 COMPX,resistance at 4070. That numbers has to be taken out on a good volume. If not,the possible scenario is a trading range or a bear market,starting around July 20. INDU siliconinvestor.com It is still possible,we are forming inv.H&S,but too much congestion around 10,650 will be negative. COMPX siliconinvestor.com A 4070 seems to be a problem for COMPX Regards,el

To: Rock_nj who wrote (56322)	7/10/2000 3:00:26 PM
From: edward miller	Read Replies (1) \| Respond to of 99985

I would argue that the falling gas price is the counter trend movement. After all energy prices have been up in general for over a year, and that is the long term trend. Perhaps you are the one who is short-term minded 8^D The CPI should show an upward surge with last month's gas price spike factored in. It isn't a long term trend (since gas prices are now falling), but we all know how short-term minded the market can be sometimes.