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 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (43211)	3/15/2000 8:03:00 PM
From: bobby beara	Read Replies (2) of 99985

George, i believe you are right, after looking at the nyse a/d line and using a wave count on it, i believe we bottomed yesterday a five wave count from the early jan top, this bottom should be at least as significant as the mid-december bottom in the a/d line and possibly more. There has been an "exit" of money out of value funds and a giant inflows into aggressive growth/tech funds. These are great contrary indicators. I also believe the Buffett bashing and the 'old economy' talk is also a contrary indicator. I think a lot of money can be made in the old economy for the next couple of weeks -g-

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next