MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.03

-0.1%

Dec 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (11219)	4/16/1999 11:09:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

Don, I concur the disparity in the indexes is throwing a lot of my normal signals out. I just went flat again after eating a loss. I don't like the testing of the NASDAQ supports and the high TRIN with a high positive TICK. If the TICK drops, it could get real ugly real fast. I probably should have held instead of second guessing the market but with the quote problems at Waterhouse on options lately and inability to get through in a timely manner on the phone, I decided to play it safe. If the TRIN drops here we could move up strong but my mid-term indicators are showing this may not be done yet although the short term ones due show a couple day bounce possible at any time. I have conflicting signals on my TRIN chart and AD chart. Looks like declines could reverse back up and advances could start to drop again despite the TRIN chart showing a reversal due soon. Time for wait and see again IMO. Pattern seems to be sell the news with SUNW dropping after beating the numbers. Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next