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

To: HairBall who wrote (67920)	1/30/2001 12:45:23 AM
From: ken-l	Respond to of 99985

LG/bobby beara LG - nice chart .. can you post the compx 60 mins intraday chart ??? i was wondering if i'm seeing the H&S formation, or am i observing a bull flag which started from the last intraday consolidation at the low on 01/22, intercepting today's low, thus creating the lower trend line of the flag; whereas the upper trend line started the short/intermediate term peak @2892+/-, and waiting for an interception tomorrow !!! should it be the flag, and if it successfully break the 2860+/- <and gradually declining> tomorrow, we maybe in for a surprisingly strong ascendency <which prove bobby's theory re: XAU> !!! on the other hand, should it be the intraday H&S, and it's able to break the neck line @2665+/- <and gradually declining>, i'd look for a test of the lower trend line of the channel/flag, currently trailing @2475+/- <and gradually ascending> !!! along all those ... there are several supports/resistances : - 3025 - 3000 - 2960 - 2940 - 2900 - 2892 - 2865 - 2844 - 2813 - 2800 - 2781 - 2763 - 2740 - 2731 - 2720 - 2700 - 2665 - 2647 - 2639 - 2625 - 2596 - 2572 - 2548 - 2526 - 2500 - 2496 respectively !!! but then again; just a humble opinion, and i maybe wrong !!! regards, auto