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

To: Daveyk who wrote (65456)	12/29/2000 10:16:47 AM
From: HairBall	Read Replies (3) \| Respond to of 99985

Dave kilty: Fib, Gann and my own retrace numbers add up to just one area I look at. I rely heavily on trend lines and horizontal price action support/resistance lines. All of the above combined with my intraday "real time" technicals to give me clues as to whether the supports or resistance will hold as price action nears the intersections. By the way, I added the chartpatterns.com link in the header months ago and have recommended it many times on this thread. It is easy to follow and sticks with the basics, always a good idea...<g> There are a few additional links in the MDD header worth a look. Good trading all...I am starting the holiday weekend early! Regards, LG PS: It will be interesting to see if the previous resistance lines for NYA will now act as support per the norm. If so this may limit the pullback more than originally expected. COMPX testing its rising wedge support line as I type.