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

To: eichler who wrote (62626)	11/16/2000 3:19:36 PM
From: eichler	Read Replies (1) \| Respond to of 99985

The $compx breakdown is getting ugly fast. If we close near the lows today, tomorrow should not be pleasant for longs. (Just shorted LBRT 19 5/8. Couldn't stop myself. <gg> Looking for fib retrace on 60 min chart at least 17.00. Full retrace and new low also possible.) I wasn't initially going to short this rally, but lower prices ahead looks like a slam-dunk at this point, short term. Even a black spinning top daily candle, if we can rally from here would be negative with a lower high and lower low in place. 60 min and daily short term uptrend already broken. Sorry, just doesn't look good. Regards e PS all from technical analysis only, IMO