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 675.37

-1.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Death Sphincter who wrote (62632)	11/16/2000 1:48:05 PM
From: John Pitera	Read Replies (1) of 99985

Carl, very perceptive thoughts, I was commenting to Tom that these days the market often feeds textbook Edwards and Magee work followers to the sharks. a Head and shoulders pattern is supposed to break below the neckline enough to get the longs out and the shorts expanding their positions. trendlines are made to be broken and half of the breaks are fake outs. I've found that since April, often it's the guys looking at the 21 dma, 50 dma and 200 dma overlay charts and are buying support and selling resistance coupled with momentum divergences and also working with the fundamental developments are the guys running this market. the 21 dma of the dollar volume of all the money in puts as a percent of the 21 day moving average of the money in calls is having predictive value. Larry McMillan is really into some of that stuff and after sitting through his 1 and 1/2 hour presentation and then talking with him for another hour afterwards, I actually shelled out some bucks for his newletter and some of his other stuff... I saw him on the sunday afternoon TAG 22 session in Dallas and attendance was light as it was the 4th day of the event, so we had a small group and really got to ask him all kinds of questions, and I've got his options Bible and he's done lots of research....so it was cool. he showed us the 21 day ma of the value of all of the puts divided by the money in calls and it there was a 500 times as much market capitaliztion in the puts as the calls, highest in MSFT history. this was on sunday 15th of Oct and MSFT made that nice 47 low within 3 days. It amazing the techical work that can be readily done today by market pros tha was just beyond impossible 5, 10 and 15 years ago....unless you had the Pentagon's Budget. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next