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

To: HairBall who wrote (62341)	11/13/2000 8:35:55 AM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Thanks LG for the charts... Is this the first time the COMPX has closed inside the rising 90 trading channel since early 1999? If so, a continued break to the downside could portend a lower trading range in the upcoming weeks/months ahead I would think, as the upper band has proven to present strong resistance in the past. TIA and Best Regards, JM

To: HairBall who wrote (62341)	11/13/2000 9:48:47 AM
From: theniteowl	Respond to of 99985

LG, thanks for posting some charts...I have been looking at the 90 channel since you posted it last spring not to mention the 74 channel.

To: HairBall who wrote (62341)	11/13/2000 10:24:04 AM
From: d_trader_99	Read Replies (3) \| Respond to of 99985

NAZ has support at 2850 after breaking 3050. However, if it cannot hold 2850, the chance to rebound would small. Earning worry and plus FL fights for their president, we will have dark days until the data confirm a softlanding of economy. Unfortunately, if NAZ continues free fall, the recession near as paper wealth is vanished and people no longer feel rich anymore which will drag down demand. Now, only Greenspan could save the market when he meets his guy this week and cut the interest rate. Otherwise, we may need to wait another one, two, three years for any meaningful recovery.