General Market Direction (Possible Median Line Projection)

[yorker@xxxxxxx]

To All,

If one draws a median line from the 6971 low through the center of the two
week decline in early November the indication would be that the market will
make new highs.

This line is especially steep but in light of todays market action I am
beginning to wonder.  If it is valid, and it may not be, we may be in for
another strong upleg.

Although medial lines serve as support/resistance points, they do on
occasion provide one with some insight as to market direction and
projection.  As with most other market indicators there is as much art as
science to the method.

Kind regards,


Yorker