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


To: r.edwards who wrote (59950)10/6/2000 12:17:06 PM
From: HairBall  Respond to of 99985
 
r.edwards: SNDK <----- Just a quick look. Daily Semi-log Chart - Price action has dropped just below the lower supportive trend line of a rising wedge begun back in May. This implies a retrace of the formation is likely.

Retrace support in the price action areas of: 64.0625, 54, 51.125 & 41.25. My daily indicators are in the oversold range suggesting a limited retrace.

Note: TA is not 100%. Always use stop loss points.

Regards,
LG

Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do your own due diligence and be responsible for your own investment decisions.