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


To: t2 who wrote (79079)6/20/2001 2:40:57 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
NV: The NWX does not have enough historical data for my work to provide me with much confidence in my analysis at these levels. (NWX is a relatively new index.) I would just say next support is 289.91 followed by 251.66 and then the 98 low 217.29.

How do you call a bottom from a technical perspective?

If I had an easy answer to that, I would just write a book and retire...LOL. Just a quick look (so don't bet the farm) but 289.91 is looking like it should provide tradable support...if we don't see a significant pivot today or tomorrow.

Regards,
LG