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

To: Casaubon who wrote (59086)	9/18/2000 11:24:26 AM
From: HairBall	Respond to of 99985

Casaubon: The NYA's move down is to be expected. A look at the intraday chart reveals the COMPX dropped below the support line of the ascending triangle on the 13th and dropped back below Friday. Today's rally failed to rise back inside the triangle finding resistance at the support line and turned back down. Current support is coming from the Fib retrace level of 61.8 (3803.33) of the 8/3-9/1 rally and a support line from the 8/11 low connected to the 9/13 low and extended. Let's see if they hold... Regards, LG