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

To: Chris who wrote (5015)	1/30/1999 1:08:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Chris: I agree, see my NAZ chart at: cp-tel.net and note the rising trading channel. EDIT: I drew the lower band of the channel a little off this time, but it is close and gives one the general idea. BWDIK Regards, LG

To: Chris who wrote (5015)	1/30/1999 2:15:00 PM
From: Lee Lichterman III	Respond to of 99985

>>, i just found a new trendline on the naz that can be a big resistance... <<< Keep it simpler than that. If youare using a semilog scale, connect the highs starting at Nov 11 through Jan 20. It will touch and act as resistance on Nov 20, 27, 30 and Jan 11th as well. The more contacts and reversal off a resistance line the better! See the regular NASDAQ chart on my site (NOT the monthly or long term) Lee