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


To: Haim R. Branisteanu who wrote (60130)10/8/2000 2:09:33 PM
From: sandiegobear  Respond to of 99985
 
Haim, I didn't have that trend line on my chart but I see what you mean. Also the Nas comp is sitting just below the 400 dma which usually is a final support level. Since it didn't violate the rising '99 support line ( barely ), a 38.2 Fib retracement to 3680 followed by a test of the May lows would be reasonable.
Regards, David