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: HairBall who wrote (825)	12/7/1998 10:57:00 PM
From: donald sew	of 99985

LG, The more and more I look at the technicals for the longer term, the more I get mixed signals. For every positive sign I can give a negative sign. I am now coming to the conclusion that for the next 2-4 months the DOW will be in a trading range, with the range as much as 1000 points but closer to the 800 range. The DOW can go higher in this 2-4 month period, but I believe that the upside should be limited to 9600. Any upward and downward movement should just shift the trading range. For the next month, I strongly believe that the trading range be in the 9400-8600 range. I just dont see a huge selloff, nor do I see a huge runup. What would make me change my position of a trading range is if there is a strong change in the market internals. NEW HIGHS would need to get back to the 150-300 range consistantly with strong improvement in A/D for me to turn bullish. For me to turn bearish the NEW LOWs would need to exceed 100 consistently with further deterioration in the other internals. Seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next