today's chart 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 : today's chart

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claud B who wrote (980)	7/3/1998 3:33:00 PM
From: Claud B	Read Replies (1) of 1267

*UPDATED CHARTS* I have given much thought to the Bonds and the Dollar and have now concluded (right or wrong) that interest rates will continue to decline (higher Bond prices) and that the Dollar will continue to strengthen. As I've said before, currency intervention doesn't work and I therefore expect the Yen to continue to weaken. This may have nothing to do with TA but it's good to have a handle on the background of the market and what it may be telling us. (I personally view it as confirmation to trust your TA buy signals.) The Summation Index continues to improve and is getting closer to the 40 day MA. I'd like to see the slope of both the 40 & 50 day MAs flatten to prepare us for the index' penetration of these two averages. The Russell 2000 looks perhaps the best to me. Remember how each time the weekly ROC fell below the trigger line (yellow circles) it has given a reliable buy signal? We may be getting to that point again. Everyone have a safe and Happy 4th. pw1.netcom.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next