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

To: HairBall who wrote (407)12/4/1998 3:27:00 PM
From: epicure  Respond to of 99985
 
it hasn't blown the upper trendline yet but it is getting mighty close

(oops- I mean violated, not blown, no wait, not that either- getting thesaurus)



To: HairBall who wrote (407)12/4/1998 3:33:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
LG,

I still dont have my regular charts up but eyeballing it appears that the uppertrendline of the 15-min chart was broken.

Still think we are heading to the 9100-9200 range, probably closer to 9100.

seeya



To: HairBall who wrote (407)12/4/1998 3:51:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
LG,

Using the 15-min or 30-min chart, there is a PITCHFORK with the upper trendline targeting slightly above 9100 for next week.

Use the LOW on 12/2(POINT A) as the starting point for the MAIN LINE. Draw a line from the highs of 12/2(POINT X) to the low of
12/3(POINT Y). Bisect line XY with the MAIN LINE from point A. Now draw lines from Point A and Point B which are parrallel to to the MAIN LINE.

Seeya


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