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


To: KymarFye who wrote (61078)10/20/2000 11:37:50 AM
From: HairBall  Respond to of 99985
 
KymarFye: The expected pull back from the NAZ Indices resistance downtend lines fizzled early. The rally stays erect moving closer to the Madonna Cups cleavage (3521.14)...<g>

The Fib 38.2% retrace level of the Sept 1st downtrend is at 3497.41 for the COMPX. The various rising wedges have required adjustments but all are still in play, at least for now. I suspect the Pit Bosses wanted to use the Sept 1st downtrend line as support for the eventual retrace...

I am taking some time off from the Markets so I will be unplugging early today. Good trading all and have a great weekend.

Regards,
LG

PS: I will update my web site this weekend, now that I am close to having all the charts rebuilt.



To: KymarFye who wrote (61078)10/20/2000 1:24:16 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
KymarFye: Just had to make one last post...LOL

Madonna Cups cleavage coming into to play (3521.14). I really thought the rally would pullback some before getting there. This rally must be on viagra...<g>

Regards,
LG