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

To: JRI who wrote (66219)1/8/2001 11:36:10 AM
From: KymarFye  Respond to of 99985
 
Stuck right on 12/21 close (= support levels from pre-Fed highs)... at least for the moment... crossing below could put Nas in immediate danger of 2290s... think this market has yet another cascade lower in it? Bobby may have called his low an hour or two early...



To: JRI who wrote (66219)1/8/2001 11:39:56 AM
From: KymarFye  Respond to of 99985
 
Actually, now that you mention it, if you use semi-log scaling, you can draw a pretty neat trendline along the course you describe, and have us skating along it for the last several 15 min bars. Just intersected the support line I've been mentioning... Poisonally, I wouldn't consider that terribly strong support... but... maybe it'll do...


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