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

To: HairBall who wrote (66317)	1/9/2001 12:32:02 AM
From: Boplicity	Read Replies (2) \| Respond to of 99985

Thanks, I have been using NTAP as an example of the markets ability to start forming bases or not. The drop in NTAP and the NAZ has been so fast that the overhead resistance is representative of many scared holders with red burnt on their eyes from looking at red screens day after day wanting to get out on every rally, which can be seen in the descending triangle being form. Another one was BEAS it formed a very nice symmetrical triangle, true to form it resolved itself in the direction of the trend, which has been down on high vol. greg