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

To: Boplicity who wrote (64756)	12/20/2000 11:04:36 AM
From: HairBall	Read Replies (3) \| Respond to of 99985

Gregory Mullineaux: End of Day NAZ Comp Chart... My End of Day – COMPX (NASDAQ Composite) Daily Semi-log Chart As posted in late 99, the NAZ eventually came back to trade inside the 1990 Rising Trading Channel. The 90 RTC should contain the that will follow the current decline. The next RTC to keep an eye on will be the one which began at the beginning of this multi decade long bull-run for he NAZ, the 1974 RTC. I expect it to come into play during the next major decline, after the NAZ re-test the upper band of the 90 RTC, the rally most will think is a resumption of the bull trend or the beginning of a new bull trend. lgscharts.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Note: I will be legging into long positions over the next few days. (I always take positions with a plan in place and stop loss points predetermined.) Regards, LG