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

To: HairBall who wrote (78970)	6/19/2001 11:51:57 AM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Trendline Direction... **************************** LG: As you know, there are several types of trendline supports... Rising, Falling, and Lateral... The most desirable is the Rising followed by the Lateral... They suggest the overall trend... The Falling trendline is what is trying to keep the Nasdaq above 2000... Unfortunately, this trendline is heading down... So, even momentary pauses of support along the trendline still ushers the price further down the trendline... That's what we're seeing with the Nasdaq... stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iUa12,26,9!Lc20!Lk14!Lw25!Ll14] The negativity of the economic news and the indicators suggest lower prices ahead... 1900 and 1800 will most likely be tested with 1600 looming over the horizon... Jim