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


To: HairBall who wrote (65604)1/2/2001 4:22:38 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Does any one know how much liquidity was injected during the last 3 days by the FED?

Haim



To: HairBall who wrote (65604)1/2/2001 7:40:16 PM
From: John K  Read Replies (1) | Respond to of 99985
 
Congrats on shorting the NAZ Friday, good move. I am trying to find the post on Friday where you said you did that. Please advise. This is all I can find.

"My Intraday/Daily - COMPX (NASDAQ Composite) 30-Minute Semi-log Chart
The rising wedge broke to the norm today and found support at the close at the 12/21 rising support line. I did not have a good read on investor sentiment and was not sure if this wedge would break to the norm. I thought it possible for money to rotate out of the INDU and NYA buoying up the COMPX. However, instead the NAZ Comp lead the decline today.
lgscharts.homestead.com

My Take: I still believe the 12/21 lows were short to medium term lows. I am looking for a higher low and a resumption of this rally to follow. For the COMPX I am looking for a test of the Sept 1 down trend line. If that does not hold, I expect the upper band of the 90 RTC to contain this rally. Of course, Mr. Market will let us know if our prognostication are correct in due time...<g>"

John