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

To: HairBall who wrote (59098)	9/18/2000 12:49:42 PM
From: theniteowl	Read Replies (1) \| Respond to of 99985

Using the end of day data it appears that the INDU is sitting near the area referred to as the 'cradle' by Edwards & Magee on a sym triangle, this is the intersection of the two boundary lines where support and/or resistance is strongest. This becomes weaker as the axis (apex level) is extended out to the right on the chart, but this level should be watched closely as prices may eventually break this line and it would then be termed an 'end run around the line.' Thanks for posting your charts LG.