MDA - Market Direction Analysis

[LG]

My TS6 "End of Day" COMPX (NASDAQ Composite) Daily Semi-log Chart
Note: I mentioned in a post to Shack on Zeev's thread
that the COMPX has tested its Sept 01, 2000 Falling Resistance
Line in Jan, Mar, April and May of this year. That FRL will
be below 1380 Monday. The question is will the overbought
condition that will be generated with Monday's pop and the
resistance of this long-term falling resistance line be enough
to stall and turn the advance before the 9/00 FRL becomes
support? A trend line to keep an eye on Monday...

Note: This chart is a multiple screen capture and is extra wide.



Regards,
LG