SI
SI
discoversearch

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 677.58-2.0%Jan 20 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: doniam who wrote (83913)7/27/2003 6:13:10 PM
From: Rock_nj  Read Replies (1) of 99985
 
Most indicators I look at point to a market pullback here. The NAZ is having a hard time going any higher than 1760. A head and shoulders pattern appears to be forming. The longterm trend puts the NAZ somewhere around 1500. And perhaps most importantly, the VIX just went under 20 for the first time in over a year. I wouldn't be surprised at all if the market corrected 10% in August.

Then, perhaps we'll be back in rally mode in the fall as traders return from vacation and new money flows into the market and fresh economic news comes along that gives us reason for optomism. But, in the meantime this market has correction written all over it. .
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News