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

To: Jerry Olson who wrote (8790)	3/23/1999 10:38:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

OJ: If you look at my chart on Monty's MDA Chart Site: cp-tel.net Note that the DJI's centerline of its long-term trading envelope is at approximately 9775 for today, which is strong support which I expect to give. You should also note a grey trend line, it is a long-term support/resistance line and today's approximate area is 9750. That is the next major area of support for the DJI. In addition, since you mentioned 9600 as you BTD range, note that tomorrow the lower tine of the short-term fork would be at about 9600. EDIT: Well the DJI fell through both the centerline and support/resistance line while I was typing this darn thing...<g> WOW BWDIK as always... Regards, LG