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


To: eichler who wrote (78868)6/18/2001 12:27:46 AM
From: el paradisio  Read Replies (2) | Respond to of 99985
 
Well,when I was pointing at te broken pattern 2 weeks ago... May 29, most were bullish.
Now,I am watching candles on daily charts and read them as a bullish pattern...small bodies and possibly morning star formation,
which of course need some confirmation.
Also look at the MSFT chart, which does not look so bearish.
TRAN is another clue, I think, the wave down is finish.
If INDU will hold the support at 10,600...Nasdaq should do the same.
stockcharts.com[l,a]daclyymy[pb50!b200][vc60][iUb14!La12,26,9!Ll14!Lp14,3,3!Ld60]
Weekly Compx is sure bearish and will be for some time.
Regards,
el