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 690.27

0.0%

Dec 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (18613)	6/27/1999 3:37:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

Excellent thoughts as usual. I have been fairly quiet myself as I believe the FOMC meeting is going to steer us no matter what so trying to second guess the Fed would be a wager rather than trading on TA etc. I have been trying to work out a few straddles as possibilities but think I may abandon those as I haven't found any that I like so far. Still I can't help but to look at previous chart patterns in this void of real movement. As I scanned back to different time frames that resembled our recent market activity, I found a recurring pattern. Always we would seem to rally from here then it was less often but still often enough to note that we would fall off the cliff a month later. The best example and over lay I see right now is 1997. I figure we are currently at the equivelent of Sept 11th. Not sure what the Fed will say Wednesday to spur the next attack to the 11K range but then they might raise again in August or else someone big could miss earnings to finish us off. Maybe the street will just realize that we can't have these valuations with higher interest rates. I don't know so I am just going ot hang out in the shadows until the smoke clears and the short term direction decides where it is going. Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next