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

To: Dave who wrote (77926)6/4/2001 4:23:22 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Dave: COMPX <----- I have been expecting at least a test and possibly a fill of the 4/17-18 gap up. My technicals are mixed with today's close. With my technicals mixed, I do not feel comfortable shorting, so I am looking to re-establish long positions at lower levels.

To answer you question directly, I am not sure...

Regards,
LG



To: Dave who wrote (77926)6/5/2001 10:56:55 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Dave: I guess the market let us know this AM, that the 5/22 falling resistance line for the COMPX was not going to hold...<g> It is still trading in the slightly rising trading channel originating from the 4/20 high. (semi-log scale)

My QCharts - COMPX (NASDAQ Composite) 130-Min Semi-log Chart
marketdirectionanalysis.homestead.com

How to Interpret My Charts
marketdirectionanalysis.homestead.com

Regards,
LG


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