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


To: Smooth Drive who wrote (6367)2/15/1999 8:20:00 PM
From: Giordano Bruno  Respond to of 99985
 
Nice and concise, thanks Eric.



To: Smooth Drive who wrote (6367)2/15/1999 8:57:00 PM
From: Ms. X  Read Replies (1) | Respond to of 99985
 
Excellent Eric. I'm humbled :-)



To: Smooth Drive who wrote (6367)2/15/1999 10:05:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Eric Stevens: Well, I always appreciate input from the P&F folks on this thread. As, I prefer and think it important for a variety of specialized techniques/styles to post. After looking at your DJIU read, I looked at my own chart and looked for the next levels of support for the UTIL (DJIU).

Looking for support under Friday's close, I do see and would normally call the range for the price action support. But if I had to call the exact numbers, using my own analysis techniques, the first two would be first 278.89 and second 270.57. Seems fairly close to yours, don't you think...<g>

EDIT: By the way...the next level above those two would have been in the 290 area as well...

Regards,
LG