Market Trend Analysis from MomentuMonkey 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 Trend Analysis from MomentuMonkey

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stcgg who wrote (258)	1/23/2001 6:13:42 PM
From: David Lee Smith	of 281

I concur that the NAZ looks ready to give back some of its gains and at least fill the gap. Perhaps we go back to the base of the uptrend line. I'm expecting the MomentuMonkey model to return to its bearish posture tomorrow too. There is a head-and-shoulders in the making on the 10-year bond. I currently must factor in a flat trading range for the bond, but if it breaks the base line on the downside tomorrow, it would tilt the model back to a negative posture. Also, it appears as if the US dollar is in jepardy of breaking its upward trend. If that breaks it will also have a negative effect. On the other hand, what is left but bullish news? The market is ignoring bad earnings news...giving companies until the 2nd half to straighten out their results. The fed is expect to cut rates early next week. The economic numbers starting on Friday through next Tuesday are expected to be bullish. The percent of investment advisor bullish is a bearish 57% and the put/call ratio is an amazingly bearish 0.47%. The NAZ candlesticks show a series of donji's that usually signal a major turning point. The technical signs are there for a reversal and the full moon all but guarantees it! Best wishes, David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next