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

To: eichler who wrote (64245)	12/14/2000 10:34:17 AM
From: eichler	Read Replies (1) \| Respond to of 99985

Oh Man! The daily Naz chart look at the moment has me wondering..... if today closes near the lows, that would be another Black Marubozu.....setting up the possibility for the dreaded 3 Black Crows tomorrow. I am definitely jumping the gun here....not saying it will happen....just aware that this thing is getting ugly and could get much worse. Be careful out there! Good Trading Everyone. Regards, Eichler Also, the daily Naz chart shows a downward channel marked by the following points. Highs: 9/1, 11/6, 12/11 Lows: 10/13, 11/30. (two of those five points occurred on the FM - what's the odds of that?) Interestingly, the lines are almost perfectly parallel. If this last touch of the upper line portends another touch of the lower line....the lower line currently extends down to the low 2000's. Just something else to keep an eye on....