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 685.33

+1.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: el paradisio who wrote (54387)	6/16/2000 11:07:00 AM
From: HairBall	Read Replies (2) of 99985

el paradisio: I agree many of the daily and intraday charts on the major indices are sporting bullish formations. Heck, I have them indicated on my Wow charts and my QCharts. However, my technical indicators for my Wow charts are conflicting with my QChart intraday technical indicators. This divergence makes getting a handle on the next move difficult. With the extended consolidation patterns, the resulting move should be dramatic. For now I am leaning toward a continuation of the decline. Time will tell, as always...<g> For those less nimble, it would be wise to wait for the break and then tag along. Of course, you leave some chips on the table, but that is the price (insurance) of being conservative. Note: If these bullish patterns break to the norm, the downtrend will likely be confirmed broken as the resulting bullish sentiment surge will conceivably produce at least a re-test of the previous highs if not new highs depending on the index. However, as almost always the indexes have provided us with formations and SRLs to keep an eye on. The breaks (not just penetrations) above or below will be key... Good trading...gotta run...<g> Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next