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 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (24337)	9/1/1999 5:55:00 AM
From: stockycd	Read Replies (1) of 99985

LG, I an effort to not seem overly bearish...The candle we had yesterday in the Nasdaq/NDX/QQQ was a potential reversal--however...Notice the days of 8/5/99 and 7/21/99 which this similar pattern did not yield a reversal. The candles for most every other index was bearish. I'm not saying a reversal is not at hand but the little rise yesterday afternoon was enough to erase very short-term oversold conditions on the Nasdaq (60 min chart) and set the stage for 3 more down days. Besides the Nasdaq, the reaction from the other indices will be very interesting. FWIW, Message 11124403 now there's a bit of irony on a up day! Regards, Chris

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next