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


To: Robert New who wrote (74567)4/10/2001 12:00:10 PM
From: Doug  Respond to of 99985
 
R.N: Well we face 2 challenges viz the extent of the upleg and the time spread to a bottom retest. COMPX , NDX and the SOXX are discreetly interlinked. The SOXX is the weakest followed by the NDX. If the SOXX can breakout past 530 it would mean the other two can go higher.

I see no justification for the SOXX and therfore a day trade on the NDX is in order but not an overnight swing trade.

WCOM reward risk ratio is good.



To: Robert New who wrote (74567)4/10/2001 12:07:59 PM
From: Wayners  Read Replies (2) | Respond to of 99985
 
If a retest is always required, how do you explain the existance of head shoulder tops and inverse head and shoulder bottoms where there is no retest?



To: Robert New who wrote (74567)4/10/2001 12:12:41 PM
From: Boplicity  Read Replies (1) | Respond to of 99985
 
SEBL just broke out it's base today so far. stockcharts.com[w,a]dbolnimy[db][pb25!b50!b100!b200!a34!a22.94!f][vc60][iUc20!Ua12,26,9!Lb14!Lf!Lg!Lj[$spx]]

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