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


To: Moominoid who wrote (12559)4/30/1999 3:21:00 PM
From: StockOperator  Respond to of 99985
 
David,

Never a need to panic when you know what you're looking for. Thanks for your observations.

Good luck trading

SO



To: Moominoid who wrote (12559)4/30/1999 3:23:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
David Stern and All: The NDX rocketed out of the falling trading channel this AM, it just bounced off the upper falling trend line of that trading channel. (5-min bars)

So even with this sharp decline, it is still trading at less of a decline than it was yesterday, so far!

The DJI also found support at the intraday consolidation pattern formed with the lows of the price action on 4/22,23,26. (60-min bars)

Regards,
LG