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: Dwight E. Karlsen who wrote (35258)	12/15/1999 11:37:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

>>(as evidenced by lower revenue forcast from CSCO, -- CSCO only down by ~2 pts), << That I could almost swallow in this tulip market but I can't believe that the restating earnings news was ignored. I guess from now on we just make up whatever numbers the street wants to see then restate them later. Hey, it has worked for the Fed economic reports hasn't it. I guess no one will miss ever again. <ng> As for short term direction, I haven't a clue. I thought a bounce today was showing last night but thought I was insane. Tonight I see no direction. A lot of potential bearish wedges, potential H&S etc and banks look like they have 1-2 more days down. On the bullish side, drugs and healthcare bounced nicely and the Paper sector looks like it could run from here a bit along with despite this morning's dip, new lows shrank. TA is getting harder and harder with Mo Mo stocks blowing through resistance lines and going vertical while lower highs and lows on stocks like INTC suddenly shoot straight up as everyone gets amnesia and forgets the production problems from less than a week ago. Along with the bearish possible formations, there were some seriously bullish hammer bottoms formed at support lines on some of the stocks I had on my list. I am not shorting much here but I am being conservative in my longs too as I await the top. One of these tops will not be a one day event, lets just hope we can figure out which one. Watch the Fed the last half of January I think. Once the faucet is turned off, that is the real top. Remember that higher rates don't matter as much when the printing press is running but once the liquidity is turned off and everyone is staring at each other and higher rates, they may all blink at once. Hopefully we will be outside holding the doors shut <ggg> Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next