Replies to post #2232 on MDA - Market Direction Analysis (MDA)

[wahz]

Would you expect we would drop through it today?

[RCKS]

LG
It looks like we bounced from that line on first approach to it, 1376.44 and we are staying in this neighborhood, which means it will be tested again soon.
Do you see this as the key to bigger down to come and if given up again being resistance?
TIA, steve

[augieboo]

LG, wahz, et al, it looks to me like there are two falling S/R lines in play in the immediate future. The 9/00 line, which defines the upper edge of Microsoft Gulch, and the March-May 2002 line, which defines the lower edge of MSFT Gulch.

Here are charts showing both lines. (Sorry, there's no way I could get them onto the same chart without having it look like a big smudge.)










MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo