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


To: bobby beara who wrote (67919)1/29/2001 11:27:19 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
bobby beara: Wedgies…<g>

My Intraday/Daily – XCII (Computer Technology Index) 135-Minute Semi-log
marketdirectionanalysis.homestead.com

My Intraday/Daily – SOX (Semiconductor Sector Index) 135-Minute Semi-log
marketdirectionanalysis.homestead.com

Regards,
LG



To: bobby beara who wrote (67919)1/29/2001 11:34:38 PM
From: ken-l  Respond to of 99985
 
bobby

agree with your IIX chart !!!

the sox has another lower up trend line which is trading in conjunction with its 50dma at the moment !!! should that be the case, then with another upper trend line, it has become an intermediate term 'bearish' flag !! thus, if the 50dma <or the lower up trend line of the channel, or the 38.2% intermediate term retracement @662+/-> cannot hold the retracement, it'll trigger a sell off that may and can bring it lower to its 61.8 intermediate term retracement @613+/- !!! on the other hand, should it ascend higher and along break the short/intermediate term top @740+/-, the upper band of the flag ought to be trading around 800+/- tomorrow !!!

observation only !!

regards,

auto
ps. bobby; what exactly are we getting at ???? <GGGG>