Market Gems-Trading Strong Earnings Growth and Momentum 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 : Market Gems-Trading Strong Earnings Growth and Momentum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jenna who wrote (1680)	1/14/2001 8:59:58 AM
From: lee kramer	Read Replies (2) of 6445

Jenna: <The Market's Basic Unit (Atom)>. Back in the 60's, (boy was that a terrific decade) I described the market as a Retail Operation. Inventory was Accumulated, marked-up, distributed, marked-down and re-accumulated. It was a cycle that repeated. Same with many stocks. Using John Magee's Tekniplat Chart paper (I think John was the first to develop the log scale) I graphically portrayed this cycle...and Pristine's display that you posted is strikingly similar. We've just experienced a severe mark-down phase on the Nasdaq. I am convinced that re-accumulation, followed by the next mark-up phase awaits us though it may begin soon or it may take a while. I'm seeing many double, triple bottoms. Head and shoulder bottoms (with volume confirmation)...and still many stocks and sectors firmly stuck in the mark-down phase. Conclusion: Trade the stocks/sectors that are in the re-accumulation phase from the long side...trade the stocks/sectors in the mark-down phase from the short side.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next