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 652.56

-1.5%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (28158)	10/1/1999 4:32:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Dennis, as much as i admire the tech stocks resilience, they mask what goes on underneath...and that's not pretty. the financials and transports got whacked again...and the REAL star performers are the gold stocks. i don't think that's a good sign. of course, these trends could conceivably reverse, but i don't really believe so. please not to take this wrong, but the tech stocks broke out to fresh highs in '87 only a few days before the dip...only to get a 50% haircut in a week's time. i'm not calling for a repeat, just pointing out that when strength in big cap techs masks weak action underneath, it is NOT a good sign. note also that the bond and the dollar look increasingly wobbly... i apologize for sounding so bearish<g>, but i still don't like what i see, in spite of the market's miraculous comebacks late in the day. regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next