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 662.72

+0.4%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (2506)	12/21/1998 9:36:00 PM
From: bobby beara	Read Replies (3) of 99985

John, I believe we are at a significant pivot point here, and your Gann turning point goes right along with the Alan Gannspan -g- turning point. Thanks for that interesting chart. I been following DAL and it made a mirror image H&S around it's baseline, fascinating chart. FOMC meeting marked the July top, the September top, the December top????. I believe we are seeing a failed inverse head and shoulders pattern in the transports (especially the XAL) and that may be a leading indicator as it was in July as to a possible failed inverted H&S pattern in the Dow & S&P. Three lower lows in the a/d line and the Bond market looks like it may have topped out big time in October. Euro will suck liquidity out of our bond market, i believe commodities are near a panic liquidation bottom. foundations of the bull 1. earnings - gone 2. liquidity - suspect 3. low interest rates - suspect. going going gone? bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next