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 681.44

+1.6%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KevinMark who wrote (63542)	12/1/2000 8:53:28 PM
From: Michael Watkins	Read Replies (1) of 99985

Too far to think ahead even a few days in this market. I may post some charts later this weekend if I can tear myself away from other chores, but I venture to say that if the low of today's Nasdaq bar; SPX; INDU; and NYA are broken, all hell will break loose next week. By broken I mean not just a marginal new low on a 5 minute chart, but a move below to stay for a while. I'll hold that opinion even if price moves higher later in the day. The market - for a change all of them at exactly the same spot really - is at a real inflection point right here and now IMO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next