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%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (10717)	4/12/1999 7:40:00 PM
From: donald sew	Read Replies (1) of 99985

Heinz, >>>> Donald, i just had a look at your index update where you mention the possibility that we may see a blow-off top. i have discussed this with bb a few days ago, saying that we may be in for a blow-off top a la japan '89. as the japan example illustrates, such a top is almost impossible to recognize and time. the reason for this is that it usually occurs with broad participation, on strong volume and rising momentum, which seemingly confirm that the trend is intact.another feature is that short term overbought readings can persist for quite some time in such a scenario. valuations, which are normally already stretched before the beginning of the blow-off phase, get stretched beyond the wildest imaginings........ <<<<< Thanks for your well thought out post. The reason I am sensing a possible blow-off top is how non-momentum stocks, like the cyclicals, are starting/doing their ".COM" imitation. Todays move up in the DOW did not surpise me as much as the explosive move in the DOT.X. Seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next