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 672.04

-1.7%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (3718)	1/12/1999 11:09:00 PM
From: bobby beara	Read Replies (3) of 99985

John, I cannot subscribe to any elliot count at this time, as the charts have interpretations that are too varied, I'm trying to wing it as it goes. I do believe that we are in a blow-off top and that we could topp at any time. This is not the iniation of another 4 year cycle bull market, I believe that we have yet to see the bottom of the 4/8 year cycle and that most analysts are fooling themselves if they think October was this cycle low. decisionpoint.com breadth sucks, speculation is rampant. The topp could be in or we could create a complex bottom here in the oscillator and have another run into April. The bullish sentiment is way too high for a significant run. At 12/14 bearish sentiment started rearing it's head and created this last run-up. For another run-up we will have to create more bearish sentiment, however that may mean taking out significant supports for that to happen. bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next