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

To: Joseph Silent who wrote (62526)	11/15/2000 11:07:49 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Joseph Silent and ALL: COMPX Intraday Chart... My Intraday Chart – COMPX (NASDAQ Composite) 30-Minute Semi-log Price action continues to move up within the rising wedge pattern. Look for the lower trend line of the previously in play sym triangle to act as next resistance. A break above with be an indication that this rally will extend into more than just a bounce. My shorter and mid term intraday technicals are now in the overbought area with my longer-term intraday technicals about mid range and rising and should begin to near overbought as price action begins to test the lower line of the previously in play sym triangle, (if the price action gets that far). The resulting pullback (retrace) should allow for a better read on this rally. marketdirectionanalysis.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.