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 671.91

0.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (10066)	4/6/1999 10:38:00 PM
From: TA Trader	Read Replies (3) of 99985

Hi Bobby, I'm also long AMTD and NPD, sold EGRP today. My take in here is that we have max until Thursday morning to stay long. YHOO reports AFTER the close tomorrow so rally could continue into Thurs. morning. I hope to hold my longs until then and enter shorts. My view on the market is that we could have hit a high today but I suspect another test of the highs is coming tomorrow or Thursday morining at the latest. Then a pullback to begin until the middle of next week 14th or 15th where we will once again start a rally that will test or slightly exceed this weeks highs. This should be finished by the 21st (27 day Cycle top). Down from there. In other words a double top pattern here. I'm concerned that everyone is talking about a top this week and then down from there. I believe the market will once again throw in a fake out move up ( most likely fueled by positive earnings reports) I'm looking to short AOL in here. Do you know when they report?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next