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

To: Saulamanca who wrote (58870)	9/11/2000 8:57:29 PM
From: Saulamanca	Read Replies (1) \| Respond to of 99985

What Stockcharts is Watching Today: A disappointing day for the Nasdaq as it fell below both major moving averages and confirmed the PPO "sell" signal that occured last Friday. stockcharts.com

To: Saulamanca who wrote (58870)	9/11/2000 9:13:27 PM
From: eddieww	Read Replies (1) \| Respond to of 99985

"NAZ and NDX are coming up with tests of support." I think you get a more valid lower (support) trendline for the NDX if you use the same days, but the bottom of the bodies (closes). If you do, you'll see that yesterdays close is the third point on the line, and would indicate that support failed today. Can someone tell me where max-pain is for the NDX? I'm not a big believer in trendlines, although I pay more attention to them on the indexes than for individual stocks where I believe horizontal R/S bands have more validity. BWDIK!