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

To: HairBall who wrote (66496)1/10/2001 8:45:14 PM
From: Stcgg  Read Replies (4) | Respond to of 99985
 
Time for the Daq to Break-Out..

Steve Hochberg turned bullish on the OTC indices today..

>><<



To: HairBall who wrote (66496)1/10/2001 9:18:43 PM
From: el paradisio  Respond to of 99985
 
Nice chart...I would say, consolidation 58-62 area for a short term.
Regards,
el



To: HairBall who wrote (66496)1/10/2001 9:34:25 PM
From: John Madarasz  Respond to of 99985
 
Notice that the price action at the close, closed right at the 12/11 descending resistance line and at the rising resistance line of the in play rising wedge.

Notice also the volume action spiking to the median line as price approaches the top of the wedge. Interestingly each volume spike on the open candle towards the top of each successive rising wedge formation foreshadows a reversal...

thanks again for the charts.

good trading

John Madarasz


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