Replies to post #5720 on MDA - Market Direction Analysis (MDA)

[augieboo]

Precisely! eom

[augieboo]

Comp Support/Resistance Chart:

Some REALLY interesting things on this chart:

[1] Yesterday's rally fits nicely between the lower rising SR line of that sloppy rising wedge and the rising SR line off the October bottom?

[2] Today's action thus far seems to be hemmed in between the rising SR lines of that same sloppy wedge, i.e., the open was just below the lower SR line and today's high was just below the upper.

Too bad this TA stuff is all hogwash, huh? {GGG}