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


To: Compadre who wrote (13529)5/11/1999 11:58:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
jaime choy: If you draw a trend line across the peaks of the 60 min. intraday charts of the NDX by joining the peaks of April 30 and May 5 you will see that it has not broken above the line yet. That is the main reason I was cautious.

That is a intraday trend line I follow as well, but I have been tracking it since the 3/31 high. (60-min chart) It has offered both support and resistance. And you are right, it is given resistance to the NDX, so far today.

Regards,
LG