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 670.21

-1.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (40235)	2/13/2000 11:04:00 PM
From: Terry Whitman	Read Replies (1) of 99985

FWIW- The XAU has formed a bullish triangle. Usual breaks are UP out of this formation- siliconinvestor.com As for the INDU's. Don mentioned that the 9 month cycle top in a bear market is around the 3 month point- siliconinvestor.com Looks like exactly 3 months from Oct. bottom to the Jan. top. Short term, if we play connect the dots, the Dow is at the bottom of a steeply falling channel. Only way we keep going down here is if a panic ensues. I would expect a bounce back to the upper resistance line around 10700- and then probably back to the business at hand. Regards, TW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next