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 (77309)	5/22/2001 2:12:43 PM
From: t2	Read Replies (1) of 99985

If this thing ends up lower today though on such big volume, doesn't that signal (does to me, at least) that this may be a top, vs. continuation of a powerful trend.... That is possible. To me it depends upon how much of the decline we see in the Nasdaq. If this was to turn into a down 30-40 point day (for example), that would not be a positive..A small loss may not be a big deal. On the other hand, we have to note that we had several positive days on the Naz in a row and a bit of a breather may not be a big deal....another factor to consider. However, a late day selloff of sufficient magnitude is going to get me evaluating some of my long positions. Still think we can get at least a positive close; something like a + 30 point move. That would confirm a powerful trend. At least that is what I am betting on. Will be interesting to see if the strong volume extends into the last 2 hours of trading. btw--still watching msft; near the 70 level.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next