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


To: Casaubon who wrote (61250)10/22/2000 7:51:04 PM
From: Galirayo  Respond to of 99985
 
[ $BTK ] OK .. now .. take a look at ...

What happens when it bounces off the Bol Band Bottom Thru the Middle MA line. And the 50 DMA. .. It will normally test the Top of the Bol Band.

That's the 800 area. Just My Humble Opinion .. And "most" times you can set your Clock to Wave 1 Up especially if it's just found a Significant Bottom. Not in this case but I look for the 50 Break and bounce Up. I think that was a Tip from John Hunt way back when. Not the Wave .. the Bol Test.

stockcharts.com[L,A]DACLYYMY[DD][PB50!B200!D20,2][VC60][IUB14!LA12,26,9!LB16,14,14!LH14,3]

Ray



To: Casaubon who wrote (61250)10/22/2000 7:56:46 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Another interesting chart is the XTC (Telecom). It's sitting at roughly the 50% fibonacci level from the 1998 low. BMX also did the same last week. NWX held at 62% and the SOX around the 38% level.