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 (33824)	11/19/1999 10:48:00 PM
From: American Spirit	Read Replies (1) of 99985

My point is I don't think the market is moving as a whole in times like these. Favored sectors shoot up one at a time more usually. Therefore, I'm not so much stock picking as value sector picking. And if you like charts then take a look at the one for UIS for example, or IMRS or ANF. You'll see the roller-coaster just dipped down into the valley of death about 50% below the 52 week highs. And volumn is building lately, along with excellent earnings. I'm no technical analyst but I have common sense numbers intuition. And when a stock is marked down 50% for no good reason and related sectors and stocks are making new highs then that attracts my attention. Also it's Xmas, Y2K and the new year coming up. So look at charts for stocks whose upward performance has climaxed around or after xmas or January and you'll see what sector is most likely to take over leadership. I'd say that's on topic whether I understand the technical stuff or not.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next