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 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (4795)	1/28/1999 2:08:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Did you have the same fork I spoke of and what is your view of the implication of a sharp upmove short term to enable it to stay valid? It really bugs me I can't find the moneyflow yet. I am looking around tonight and even the techs are slowing down. A few big DOWS are bouncing off support but not enough to soak up the funds being pulled out this last week. Even my UTY bounce was short lived. Every time I look at that Oil index chart it scares the pants off me knowing that those guys have to keep saying to themselves, it just can't go any lower. I can see a few here on SI saying the same thing some day about the whole market. <ng> I am not sure what we are doing any more. I have one large call spread I am planning on unwinding soon but I need some more time. I hope this market holds a couple more weeks. I am not short yet but have my targets set. One thing also I noted, while the DOW retraced all of yesterday's gains, the SPX, OEX and NASDAQ only pulled back about half way. That wedge I mentioned to you on that one broke today but I didn't catch it in time. Thought it might spike up and give me a better entry. Oh well. Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next