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

To: eichler who wrote (81276)	8/8/2001 5:19:58 PM
From: LTK007	Read Replies (1) \| Respond to of 99985

1934 the big line,that is where this baby must have a happy bounce,or we are looking at a good chance to hit 1794,IMGKHO.paxMax i flip my fibonacci if it breaks 1934,and look for a downward retracement of 50% from that--and arrive at 1794.

To: eichler who wrote (81276)	8/8/2001 8:51:57 PM
From: HairBall	Read Replies (3) \| Respond to of 99985

eichler: that we have been and still remain within a trading range of sorts with a downward bias. The COMPX has not been trading in a range from the 5/22 high, but has traced out a falling wedge. One I have been pointing out since shortly after the 7/11 pivot low. That low changed the downside momentum and changed the focus from the support line of previous falling megaphone (expanding triangle). The highly touted H&S patterns failed to resolve per the norm best I can tell...<g> Message 16079604 I will be surprised if the price action tags the support line of the 5/22 Falling Wedge again, before resolving to the norm...(I now doubt the 61.2% retrace area (1890) of the 4/4-5/22 move up will be tagged either!) At least not on this leg down and I don't expect another in the current pattern. Of course, I could always be wrong... Regards, LG

To: eichler who wrote (81276)	8/8/2001 11:27:41 PM
From: mishedlo	Respond to of 99985

stockcharts.com[m,a]daclyymy[pc13!c50!c200][vc60][iUk14!Li14,3!Lh14,3] Let's see where stuff is when the Sox gets oversold. This should be just the middle of the decline IMHO. M