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


To: Challo Jeregy who wrote (329)12/4/1998 10:34:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Challo and ALL: I am noting a descending trading channel on the Dow Industrials. Starting from the high on 11/27 you will notice a upper descending trend line that has offered resistance to upward movement, so far!

(Actual Intraday 30 Minute Interval Semi-Log Chart)

Note: For those of you that use Quote.Com live charts, click on the chart button and check log to see Semi-Log charts. You will not see much of a difference when the range is close.

Regards,
LG



To: Challo Jeregy who wrote (329)12/4/1998 11:40:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 99985
 
Yes, thanks. I was mostly mystified by the Summation Index but I have an idea now.

How's your chess game?