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


To: j.o. who wrote (9659)4/2/1999 8:10:00 PM
From: bobby beara  Read Replies (3) | Respond to of 99985
 
j.o. excellent analysis, looks like an easy mark for a short to the 65-75 area, especially like the big black candle reversal right thru the ice on big volume.

I don't follow nsol, didn't some fundamental news come out that caused this reversal???

some stats:
from the 9 month cycle lows
4/12 to 10/8 top 180 days
1/12 to 7/20 top 189 days
10/8 to Monday, April 5 180 days.

The DJI appears to be making a symetrical indecision triangle around the 9900 area with the triangle base between 9625 and 10080, if this does play out, the decision point may be within the next 1-3 weeks

bb



To: j.o. who wrote (9659)4/2/1999 10:08:00 PM
From: TA Trader  Respond to of 99985
 
j.o.
Be careful on NSOL. Short term the stock is ready to rally off trendline support @100 +- 2. ST stochastics very oversold indicating that stock is ready for a rebound which could be powerful.
Stock appears to be digesting recent doubling of price and stock split. Watch the rally unfold and then decide if a short is in order but if so it should be from a much higher price. Just a little advice.
WHAT A COUNTRY!



To: j.o. who wrote (9659)4/6/1999 9:36:00 PM
From: TA Trader  Respond to of 99985
 
NSOL +21 today. That's why you don't short it in a ST oversold/support area. This is not a game for kids so be careful and know what you are doing! Hunches and gut feelings don't count. Too many coming back for more with less!
WHAT A COUNTRY!