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

To: Chris who wrote (5177)2/2/1999 12:28:00 AM
From: donald sew  Respond to of 99985
 
Chris,

Agree, I believe that the pullback may have started with the selling off of todays highs. If not, we are probably just a day away.

seeya



To: Chris who wrote (5177)2/2/1999 12:44:00 AM
From: Jack T. Pearson  Respond to of 99985
 
With all due respect, you may be correct, but I won't buy that the Naz is in a significant correction until it busts out of the lower trend line through the close on both 10/8/98 and 12/14/99.



To: Chris who wrote (5177)2/2/1999 12:54:00 AM
From: HairBall  Respond to of 99985
 
Chris: My chart does not show such contact. In addition, I do not think contact in and of itself would signal anything more than a brief pullback or repel from the trend line. However, it could be the beginning of more, but the lower trend line needs be taken out significantly first.

And, that has got to happen soon, as I do not believe that very steep rise can be maintained much longer...

BWDIK
Regards,
LG


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