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 694.04

+0.7%

Jan 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JRI who wrote (64421)	12/16/2000 7:01:58 PM
From: Stcgg	Read Replies (1) of 99985

JRI - The Naz 2631 was a closing basis.. You don't measure chart trends on tails, which indicated a hammer for Friday.. I think Monday rallies due to the oversold condition but an exit late in the day would be prudent unless you are totally risk-averse to the decision from Tuesday's meeting, which consensus says is a 'no rate reduction' affair.. I would believe this since Greenspan normally gives the market some indication beforehand.. We had 2 capitulation days of lows on heavy volume, Nov 30th and Dec 15th, so some up Monday is a no-brainer.. I don't go long up-gaps without a good reason, but would buy the dip for the day.. >><<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next