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 671.910.0%Nov 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: donald sew who wrote (31167)10/23/1999 11:13:00 AM
From: Matthew L. Jones  Read Replies (2) of 99985
 
Donald,

Didn't you have class one sell signals yesterday morning? Maybe it was someone else. What is a "class 1" or "class 2" sell or buy signal? Is it generated by some particular system? In all of my reading, I haven't come across the "class" buys or sells. I was wondering if it is P&F generated or what.

I wonder how much of the late day sell off was caused by these two factors: 1) the CSCO rumor which apparently was false because toward the end (after the damage was done) of the session CSCO stated that they stood by their previous guidance and the market immediately turned and the Nasdaq gained about 10 points in the last 5 minutes. 2) The extreme nervousness of this market and traders wanting to go into the weekend flat. After all, this is October and the next session is a Monday (I've never seen such an intelligent and yet superstitious group in all of my life <g>).

I personally would be surprised if this rally didn't continue through next week possibly taking a day or two off along the way. Maybe longer. It will be interesting to watch the Globex session of the S&P futures starting Sunday night. I think that will tell the story.

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

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News