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

To: eichler who wrote (77557)	5/30/2001 12:39:20 AM
From: el paradisio	Read Replies (1) \| Respond to of 99985

<What am I missing here>.... I've got my data by drawing the low from the end of March, middle of April and middle of May.... support comes at 2175-2180 and violation of this support will be bearish IMO. This channel started in the middle of March...connect the top from March at 2020 and recent 3 peaks. You should see it...forget about the tail,around 1750. stockcharts.com[l,a]daclyymy[dc][pb50!b200][vc60] If tomorrow will start in red....this may transform to H&S pattern and probably will. el

To: eichler who wrote (77557)	5/30/2001 11:49:52 AM
From: James Strauss	Read Replies (2) \| Respond to of 99985

I see the obvious trendline connecting the 4/4 low and 5/16 low.....(daily chart) Try as I might drawing lines all over my chart...I can't seem to see the second trendline which intersects... Eichler: If you go back to the end of March 2000 and connect the price peaks, it takes you to the 2150 area on an intermediate term basis... siliconinvestor.com That support area failed today as did 2125... Now, 2057 remains as support for the Nasdaq... Below that, 1900 and 1800 offer minimal support before the 1600 area... A return to the 1600 area could set up a climactic double bottom with major capitulation... That's where the new buying will begin... Jim