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


To: HairBall who wrote (15845)6/4/1999 3:35:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
>>your not normal<< Darn and I thought I could hide that over the web <g>

I may need some help if reuters doesn't correct my data tomorrow and advise everyone to add some salt to my TYX Chart. My chart tonight showed a low of 46.5 onthe TYX. When I checked a few other sources on the web, they also showed a low of 46.5 so I know this is wrong and I corrected my data to show a low of 59 so it wouldn't totally throw the chart out of whack.

If anyone has a more reliable low value for today, I would appreciate it.

Only things I saw tonight worthy of noting... The RLX wedge broke up today on the strong retailing news. The breakout also violated the fork but since I didn't see an obvious new channel right off the bat, have seen false breakouts in the past, and there will be a reaction to tomorrow's employment numbers, I left all trend lines alone for now.

The other thing was that the wedge on the CWX should finish working itself out here in the next two sessions. Software stocks should make or break here real soon. Of course there was also the breakdown of the SOXX from it's trend lines and forks. If the SOX doesn't bounce soon, look out below.

Good Luck,

Lee