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

To: HairBall who wrote (12479)	4/30/1999 10:06:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

To All: Major up move this AM as expected... The TYX bottomed yesterday in the area of a support line I am following, likewise the rise today hit a resistance line I am following already. It is now hovering in that range. The tug of war has begun. The BTD'ers have come back to their beloved hi-tech and nuts. Intraday plays will require nimbleness…and a lot of cooperation from your broker…if you intend to play the “ping pong”. Interesting how the NDX, COMPX, RUT and DOT all gap up out of their respective downtrend channels! Well, not really...<g> Yesterday afternoon, my intraday trading technicals alerted me that a rise was coming, as I posted yesterday on this thread. Note “Dow Theorist” that the Utilities are noticing the TYX climb...let's see if it keeps the Utilities attention! Who's gonna win? Place your bets...<g> EDIT: TYX has now jumped above that resistance line. Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.