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


To: Jack T. Pearson who wrote (83301)7/17/2002 12:36:28 AM
From: Greg Jung  Respond to of 99985
 
duh yeah - thats why it would be, a NEW range. iow,
top of the next range would be higher than here - for SPs.

<< Middle of a new range? I can't find a single chart where the current price is in the middle of any range.



To: Jack T. Pearson who wrote (83301)7/17/2002 1:11:55 AM
From: KymarFye  Respond to of 99985
 
<Middle of a new range? I can't find a single chart where the current price is in the middle of any range.>

Except when you're at the very top, you're always in the middle of some range or set (range?) of ranges.

I had some other possibly interesting observations to make, but this freaking shooting gallery suitcase thing whatever the hell it is at the top of my screen is about to give me an epileptic seizure.

I was given a free lifetime SI membership a million years ago... These pop-up ads and the like are making me think I should ask for my money back... sheesh... Ok... got rid of it... where was I? Oh, never mind...



To: Jack T. Pearson who wrote (83301)7/17/2002 1:20:22 AM
From: KymarFye  Read Replies (1) | Respond to of 99985
 
I wasn't just trying to be "smart" with the last post... almost all of the major tech sectors - software being the main exception - seem to have broken their June downtrends. The SOX was set up at the end of today's session to test the May - June downtrend along with Mid-June resistance, and set up a test of April-May... Anyway, that's one way of looking at it.