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

To: American Spirit who wrote (78640)6/14/2001 11:59:34 AM
From: 10K a day  Read Replies (1) | Respond to of 99985
 
careful buddy.
we got new daily lows.
watch the weeklys for support.
if that blows.
We Blow.

edit:
actually.
never seen a rally
in to Expiration.
Down Wed.
Rally thurs. Friday.
I've never seen it.



To: American Spirit who wrote (78640)6/14/2001 12:10:19 PM
From: eichler  Read Replies (1) | Respond to of 99985
 
A.S.,
Intraday charts are lining up for a bounce here, possibly to fill today's gap. However, there is an ominous series of lower lows and lower highs (60 min chart) which portend continued weakness.
Would not count on a sharp rebound, unless yesterday's high can be taken out, which I doubt.
Daily chart (compx) not nearly oversold yet, BTW.
Regards,
Eichler
Neckline of the indexes (Complex H&S pattern) being penetrated spells BAD NEWS!


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