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 689.17

+0.2%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (3957)	1/14/1999 6:53:00 AM
From: donald sew	Read Replies (7) of 99985

INDEX UPDATE ================================== For those interested in the INTERNUTs, I am starting to notice negative chart patterns in some of the smaller issues. For example, ONSL is forming a DESCENDING TRIANGLE, and EGGs has recently broken its lower trendline to the downside. The premiums for many of the internuts are outrageous, so I am watching the smaller issues carefully to play the internuts to the downside, since the premiums are much more reasonable. As I have mentioned previously, I believe that as the internuts goes so does the market. Subjectively, whats moving this market up recently is mainly momentum and liquidity and I believe the best sector to see momentum and liquidity at work is the INTERNUTs and some other HiTECHs. The INTERNET INDEX(DOT.X) in one day (intraday basis) has come down about 100 points or about 16% from TUE's highs. Is this the beginning of the downside of the PARABOLIC SPIKE? It may be. If the DOT.X continues down I believe that is one confirmation of a MID-TERM TOP for the overall market if not a LONG-TERM TOP. Seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next