Replies to post #7658 on MDA - Market Direction Analysis (MDA)

[augieboo]

Okay, but there was no channel on the chart I posted that it seemed Jim was referring to. Thus my consternation.

[augieboo]

30, 15, & 5 minute charts looking toppy, so greenie will probably sell some shares for a while starting pretty soon now.

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[e,a]faclynay[d20][pd20,2][iub14!up13,8,3!ue13,21...

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[e,a]gaclynay[d7][pd20,2][iub14!up13,8,3!le13,21,...

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[e,a]iaclynay[d3][pd20,2][iub14!up13,8,3!le13,21,...

On the other hand, the 60 minute chart is mid-range and moving up, and the 120 is just turning up, so Greenie will probably buy those shares back at a discount starting later today and then distribute them to the clueless over the next couple days.

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[e,a]eaclynay[d40][pd20,2][iub14!up13,8,3!ue13,21...

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[e,a]eaclynay[d40][pd40,2][iup26,16,6!ue26,42,16!...