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 681.43

+1.6%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KM who wrote (36987)	1/7/2000 8:12:00 PM
From: Terry Whitman	Read Replies (1) of 99985

I don't see how anyone who's followed this market long could have been surprised by a rally today. I think the market exists to hose everyone who thinks they can figure it out How many unemployment reports in a row has the market rallied on now? Got to be at least 8 or 9. <g> quote.yahoo.com^NYA&d=3mm A lovely trading range shows up on the NYSE chart; 620 to 650 since the beginning of Nov. We just made an expansion of the lower level to 612, then bounced into the upper half in three days. Incredible volatility! It looks like 612-620 area was another bear trap now. We should know next week if this bull has new life, or it's just gonna move sideways within a new larger range. It's critical that it gets above 650, IMO. Will 650 then be a bull trap? Is this a whipsaw, sideways, kiss your sister, trading range market now? Regards, TW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next