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


To: bobby beara who wrote (58046)8/10/2000 10:32:26 AM
From: HairBall  Respond to of 99985
 
bobby beara: MA convergence is often a product of sideways movement....

inflection point coming soon to a neighborhood near yu

Yep...<g>

Regards,
LG



To: bobby beara who wrote (58046)8/10/2000 10:35:56 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
I pointed that out last week. The rainbow charts show the shorter moving averages clustered above the 200-day MA for the NDX as support, and below for the Composite as resistance. The similar occurs on the weekly charts with the cluster well-extended above the 200-week.