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

To: sandiegobear who wrote (60109)10/7/2000 9:28:03 PM
From: ciVic  Read Replies (2) | Respond to of 99985
 
that 98 trendline was broken in the APRIL crash...but the 99 one held

I say this 98 will hold again...and connect march tops to Agust tops and I say we bounce off that line and head lower. that takes us to a bounce around 3900 NDX or about 600 pts.

that will also give us a lower high...which is what we need to really tank. on the upside we have no bearish signals. we need to make alower low...

ciV



To: sandiegobear who wrote (60109)10/8/2000 8:23:41 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
David if speaking of trendlines the NASDQ may have returned to the upper trendline from summer 1996 and 1999. We dipped below that trendline range by end of May 2000 and October 1998. If we return to that trading range we should dip to 3100 on the NASDQ or May lows

Haim


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