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 685.66

+0.2%

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (22022)	8/4/1999 11:45:00 AM
From: Ms. X	Read Replies (5) of 99985

Big news on the PnF Charts! Our long term indicator the NYSE BP and "Big One" as we call it, has reversed down. This is a forward looking indicator and with the short term indicators having already reversed down weeks ago telling us that short term would be bad (which turned out to be true) the reversal in the NYSE BP tells us we have more to go. Again, the NYSE BP does not monitor the Dow, I can look at the Dow chart to do that, it monitors a wider breadth of the market which is more indicative of everyone's portfolio. So, the Dow can move up on occasion but the NYSE BP move down. Last year the NYSE BP reversed down prior to the big decline in Sep and Oct. I'm not predicting but it isn't good when it reverses down. We suggest protecting positions or if cash is your thing that isn't a bad idea. If trading, try to the downside and try not to "guess" bottoms right now. We will start entering short term trade positions when the short term indicators reverse up. The NYSE BP did reverse back up prior to the Dow reversing up in Oct by the way. Take care all and best of luck. Jan I am

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next