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


To: pater tenebrarum who wrote (14752)5/24/1999 10:32:00 AM
From: briskit  Read Replies (1) | Respond to of 99985
 
OEX max pain. Is it still considered to be 675 or is it lower now due to recent action (i.e. is pain tolerance increased?).

AOL is at 25% of its 65 day average volume in the first hour of trading (make that 1/3 since in the intervening 10 min.). Uh, forgot to mention it is down 6. What to do, what to do...buy this dip and play the bounce...money to be made, but which way?



To: pater tenebrarum who wrote (14752)5/24/1999 10:34:00 AM
From: j.o.  Read Replies (1) | Respond to of 99985
 
dot.x looks like it's going to break down out of the big triangle we have been building. Europe closed, probably thin market day today?

Any thoughts on whether this might be the resolution of the triangle, or just a low-volume headfake? I would appreciate any good pointers to get a volume indication on the NUTZ.

If this is the nutz setting the direction for the rest of the market, we're in trouble!

j.o.