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


To: J_K who wrote (68249)2/1/2001 2:25:32 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Juergen Krug: My longest-term intraday indicators are entering the oversold range with this drop, while my daily techs turned down with it at mid range. Next support should be at the origination point for the previous rising trading channel on 4/17/00 at (41.125). A test of that area would complete a full retrace of that formation.

I would not be surprised to see some consolidation in this range.

Regards,
LG