MDA - Market Direction Analysis

[augieboo]

Comp & NDX intraday chart analysis.

Sorry, no time to post a ton of charts tonight as I have to go doggie sit for my brother. (augieboo's "little" brothers -- a beagle and a Rottie.)

Everything from 60 minute charts on down is in overbought. 120 and 240 minute charts have some room to run though. So, it's a matter of whether the 60 minute charts get some hang time -- as the shorter intra-day charts have been doing form some to most of the day, depending on period, i.e., the 5-minutes have been hanging up there nearly all day -- or whether they will roll over and give us a partial retracement tomorrow.

At this point I am without a clue as to which will happen.