MARKET INDEX TECHNICAL ANALYSIS - MITA 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 : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (224)	6/27/1999 6:59:00 PM
From: John Lee CA	Read Replies (1) of 19219

hb, Thanks. I did download the model and can see how overvalued the market is currently. My novice observation is that the market is like a dog chasing its tail right now. On one hand we say investors are worried about what the fed will do, but on the other hand we say the market has priced in the fed's rate hike. I think what I see is everyone being concerned not about the fed but abouat what everyone else thins and will do. Like gun slingers waiting for the first move, but just not sure if that will be up or down and every rally/correction is a false start (itchy fingers as it where). For me, I am waiting on the sidelines until I see clear direction and with the over valuation, 39 week cycles coming due, lack of clear direction, normal June slow down, etc., this all adds up to what appears to be a bearish future. I am mostly bullish (as are most investors), but I will just wait an see. I really appreciate this tread and the job you experts do in pointing out the details to us beginners. Please keep up the good work. John Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next