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

To: t2 who wrote (77523)5/29/2001 11:02:03 AM
From: eichler  Read Replies (1) | Respond to of 99985
 
My feeling is the $compx will test the 30 ema on the daily chart, currently around 2150.
Still, the breakout game going unabated so far. Good sign
that the market hasn't gone into "tank" mode, so far.
Also, an important note is that the $compx "sell-off" for the last several trading sessions is on declining volume, a big tip off that this is consolidation (so far) as opposed to some big down turn. Just my humble opinion....



To: t2 who wrote (77523)5/29/2001 11:08:26 AM
From: el paradisio  Respond to of 99985
 
Looks like a short term bottom on Nasdaq...I expect the recent high to be tested soon.
Still too risky for the long position, but perfect for the short term swings.
el


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