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

To: donald sew who wrote (5697)	2/8/1999 12:01:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: Had problems with E*Trade and Hotmail last week and through Sunday....now I am having problems today with my ISP which is MSN. So I if you do not hear back from me today....you know why! Late but what they heck...reading as of Friday's closing numbers! See Charts at: cp-tel.net The RUT (Russell 2000) as of Fridays closing numbers found intraday support at the 50 day and 200 day SMA coupled with the bottom of its long term trading channel. A break below this today could well portend significant follow through to the down side. In addition, it is on a short and medium term sell. The UTIL (Dow Utilities Theoretical) found support Friday on a long-term supporting trend line (light grey rising trend line) after previously breaking through support at the 200 day SMA. The TRAN (Dow Utilities Theoretical) with Friday's closing numbers found resistance at the upper descending trend line of the current bullish flag. (blue trend line) The IND (Dow Industrials Theoretical) received a sell signal via the NYSE Adv/Dec Osc last Thursday. This Osc when it works can front run my short-term trend following signal. In addition, it found resistance Friday at the top tine of the larger pitchfork (dark purple tines). The COMPX (NASDAQ Composite) It fell through its sharp rising trading channel as of the last few months. This portends a pullback. However the COMPX may well pause/struggle around this lower band before heading lower. In addition, it is in a short-term sell signal. I will try to give a INTERSTATE 35 ROAD KILL TRADING SYSTEMS UPDATE tonight...<g> (All Disclaimers Apply) BWDIK Regards, LG