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 659.03

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (17836)	6/18/1999 7:37:00 PM
From: bobby beara	Read Replies (3) of 99985

>>>i hope Don's class one sell works for monday so i can fortify my new positioning somewhat<<< Don will probably back this up, but his system is designed for trading ranges and technical breakout of consolidation patterns do not apply. i believe we are in that situation. If you want to see a classic failed H&S pattern, look at the AXP chart, where the right shoulder did not even come back down to support and reversed up. I think bonds are way oversold and AG has made it clear about the rate hike and we have two or three already priced into the market. I think the LT rates can go back as low as 5.5%. Global pricing pressures will continue to keep a lid on it and the big oil spike was a one time thing. From the sentiment and technical figures i listed several days ago, you can see bonds have been way oversold and now deserve a reaction the other way. Who sezs history doesn't repeat itself, we got msft breaking out of a 6 week consolidation phase, just like last year in mid June -g- Those who don't study the lessons of history get burned -g- The XCI triangle gives a possible projection of prices about 15% higher from here, though many times 5ths out of triangles are cut off at the knees. bwdik

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next