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


To: Gersh Avery who wrote (10819)4/14/1999 12:43:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 99985
 
From my updated chart for tonight:

homestead.com

The new small fork seems to contain the market very well. It seems
that any pullback during the next few days should be contained above
the lower tine of this fork.

Data for 4/14/97:

Large fork tines: rough DJIA equivalents:
Upper : 1317.46 (-32.36) 10145.77 (-249.24)
Mid : 1252.52 (-97.3) 9645.68 (-749.33)
Lower : 1194.4 (-155.42) 9198.14 (-1196.87)

Small fork tines:
Upper : 1401.68 (51.86) 10794.36 (399.35)
Mid : 1367.38 (17.56) 10530.22 (135.21)
Lower : 1333.08 (-16.74) 10266.09 (-128.92)

Globex opening trigger values:
Buy trigger : -110 (1361.2)
Sell trigger : -552 (1356.78)

Prem values for the day:
buy trigger 11.38
fair value 8.88
sell trigger 6.96

program trade values derived from data at:
programtrading.com

Gersh