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

To: HairBall who wrote (10182)	4/7/1999 8:34:00 PM
From: bobby beara	Respond to of 99985

LG, it is hard for me to believe that this chart can get much more vertical. bway.net If we do have more upside, it would mean the leg up from the 2/18 low, was wave 1 of a 5 wave move. beyond comprehension, if this is the case we should see at least several trading sessions of corrective movement in this chart (the lastest has been going sideways for the last couple of trading sessions), then the next march up. it has broken thru that line i arrowed as resistance and i would expect it to retrace and make support for the next leg up. The DOT chart has a similar trendline and the breakout point was retested today. bb