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

To: Doug R who wrote (1635)	12/14/1998 12:58:00 AM
From: HairBall	Respond to of 99985

Doug R: I use IND as well for daily charting. Those are all good questions and probabilities you posted, I am tired and will look more in the morning. I will most likely rely on my indicators to give me guidance. Right now, honestly I don't know. I did print out a chart and draw your B using the spike lows in 11/94 and 7/96 at points for the trend line. I have been following this one as obviously have you. Just a rough plot and it looks to extend in the area of the 200 day SMA. At the least that area will be strong support. Check out that same trend line on the SPX and you will find during the recent correction the SPX found ultimate support on that line and moved up off of it in Oct. (I Emailed a chart to Donald showing this to him a few weeks ago.) BWDIK Regards, LG