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


To: bobby beara who wrote (62443)11/14/2000 1:28:53 PM
From: Arik T.G.  Read Replies (1) | Respond to of 99985
 
Not exactly an island but sure looks close (if not for the overdone rise and following decline yesterday it would have been an island).

ATG



To: bobby beara who wrote (62443)11/14/2000 1:52:16 PM
From: HairBall  Respond to of 99985
 
bobby the beara: Abby Joe said stock valuations are the most atractive all year, duh! At least so far anyway, huh...<g>

No daylight on the daily bars, so no island reversal...IMO. However, Gilligan reversals are not in my playbook so I'll defer to your count or recount...maybe you should check with the Professor or Maryann…<g>

I suspect this bounce for the NAZ Composite will be contained with in the recently re-entered 90 Rising Trading Channel no matter the political outcome. The upper trend line is in the range of 3120/30 today and rising. Of course a break above not just a breach may well negate my expectation. As always the market will let us know, but it is a resistance trend line to keep an eye on.

My shorter-term intraday COMPX & NYA indicators are in the overbought region, as we watch the buyer/seller struggle in progress at current levels.

Next major resistance for the NAZ Composite would be the lower trend line of the recently resolved to the downside bearish triangle.

Getting small again...

Regards,
LG



To: bobby beara who wrote (62443)11/14/2000 2:13:51 PM
From: Death Sphincter  Respond to of 99985
 
WHO YOU BE CALLIN A CHIEFY WANNABE, WILLIS?



To: bobby beara who wrote (62443)11/14/2000 2:16:56 PM
From: Death Sphincter  Respond to of 99985
 
Gingers pushup bra strap about to snap.....NAZ to do 'hanging boob' formation.......GILLIGAN LITTLE BUDDY, GET THE SILICON!!



To: bobby beara who wrote (62443)11/14/2000 6:10:27 PM
From: Galirayo  Read Replies (2) | Respond to of 99985
 
Bobby ... What did you say?

I'm really just curious ... how are you counting this? Where are we in your count? C of which Wave?

Nice bounce off horizontal support and confirmation on the Harami in the SOX ... ADI adds AH tonite ....

Thanks.

Ray