SI
SI
discoversearch

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 660.19-0.8%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (23879)8/26/1999 10:35:00 AM
From: donald sew  Read Replies (1) of 99985
 
Heinz,

It is still early in the day, but if we do close negative today that would imply that I got a timely response to my CLASS 1 SELL signal.
That would also imply that the this pullback should be normal in sixe on a statistical basis.

On the other hand - even though the the NEW HIGHs/LOWs is still anemic, I just noticed that the NEW HIGHs are outnumbering the NEW LOWs. Yes I realise that it is still early in the day so that could change also.

We are also approaching the END OF MONTH RALLY/WINDOW DRESSING, and unless the money is used up during the recent rally, we could see some more upside into early SEPT.

I would not be surprise to see this pullback only last 1-3 days or just even intraday.

Im more inclined at this time to say that the 1st week of SEPT has a better chance of seeing more negativity than right now, on a short-term basis. That is not to say of a big selloff, just trying to time the ripples.

seeya
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext