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 671.40

-1.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Terry Whitman who wrote (49554)	5/6/2000 12:48:00 PM
From: Square_Dealings	Read Replies (1) of 99985

<<The index charts are all amazingly neutral on a daily and weekly basis both.>> Looks like a "hanging man" was put in on the Naz and the RUT weekly charts to me, indication a short term top is in place. The SPX and INDU look like they are at decision points with H&S patterns becoming more clear. I'm prepared to go with the flow either way but find it hard to reason that the charts will be resolved by upward movement on the indexes given the inflation and interest rate pressure (which is accelerating). Earnings have been great but how much of it is sustainable, or real, given the pyramiding of stock swaps and employee options. If employees were paid for there work in cash I doubt the results would be as impressive. Some nice charts in the oil and gas sector, and a few semi-equipment stocks but other than that Im preparing by looking for shorts in tech land and some of the overvalued "old economy". siliconinvestor.com Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next