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


To: John Madarasz who wrote (62805)11/19/2000 11:53:37 AM
From: John Madarasz  Respond to of 99985
 
BTK in bear confirmed downtrend now on P&F at -26

twice tested 200 DMA, and at a critical juncture. Should the 200 day fall, this index could get hurt badly if the compx continues any decline.

The rising wedge breakdown from 10/1 shows an apx bottom wedge meas of 570 target...then 400 area<ggg>

stockcharts.com[L,A]DACLYYMY[DD][PB50!B200!D20,2!A570!A404!F][VC60][IUB14!LA8,17,9!LH5,5!LI5,5]