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 683.38

+0.1%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockOperator who wrote (10549)	4/12/1999 12:18:00 AM
From: Doug R	Read Replies (1) of 99985

SO, " I think to tilt the odds in your favor you have to take a look at the market from as many angles as possible." I totally agree. I feel that leading indicators should have a bit more weighting though. Also consider that money should flow into long term bonds tomorrow. Recently there's been a healthy move in bonds and the CPQ warning's short term effect on the flow of cash will help sustain that rally. 5.35% is a key area for support of continued higher stock prices and that level should be approached again this week. 5.65% is also a "ratchet" area as is 5.25% and obviously 5%. CPQ's woes are more history than anything else. The A/D line weakness and other past and present market internal levels are also more about history than the future. Long bond yields are more a reflection of future expectations. Looking forward is what markets are based on. Attention should be paid to interest rate movement over the next week or two for a solid clue to how "toppy" the market really is (or isn't). Just to throw in my own 2 cents, Doug R PS, Projection for a pre-correction Dow top of 11,400 about 3 months from now is still in place. That's only a bit over 10% from here which isn't too unrealistic since we just saw the market can still do 3%+ in a week. On another PS...from the past...the last 2 times the market opened with S&P futures lock limit down, the avgs. closed up for those days. 3 in a row would be implausible but...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next