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 690.27

0.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (83779)	4/30/2003 2:31:23 AM
From: Psycho-Social	Read Replies (1) of 99985

Just my opinion, but if you're short, I think you all should be looking at covering and going long. Methinks we're looking at the beginnings of a major summer rally. My indicators suggest something close to the opposite. You've got plenty of company in your optimistic assessment - just listen to the commentators and guests on CNBC. While my contrarian indicators show an overbought Market, the Fear Factor's 3-5 wk effect suggests we could well see the final high in the first half of May - the aftereffect from the euphoria and feeling of invulnerability generated at the fall of Baghdad. Not sure if the coming decline will be deep, but the euphoria surrounding our supposed victory over what was cast as a terrorist State, and the positive spin being put on what are actually ho hum earnings leave little room for further gains after the Fear Factor effect runs its course.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next