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 659.03

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (1387)	12/11/1998 4:13:00 PM
From: HairBall	Read Replies (1) of 99985

dennis: This move down most likely found a short-term bottom in the neighborhood of the DJI 200 day SMA and repelled. I suspect it will find resistance on the way up near the top of the just resolved inverted flag pole. The RUT and TRANS have both turned away from their respective assents. The IND/DJI is as usual in lock step with the NYA. Both are surely pointing down even with this intraday rebound. The hold out is the SPX and the NAZ. The SPX is showing signs of capitulating to the downward bias of the IND/DJI. The NAZ has given up only marginal gains. Of course, the SPX is composed of issues from both the NASDQ and NYSE and would feel pulls from both indexes. I as many, will be pouring over my stuff this weekend and doing more analysis. Time will tell…<g> BWDIK Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next