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 674.96

+0.9%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Vitas who wrote (11291)	4/17/1999 1:56:00 AM
From: Berney	Read Replies (2) of 99985

Well, Vitas Having been distracted by other issues for the last couple of months (as eating is a hard habit to break), I've spent the last couple of days flipping through the weekly, daily and 60-min charts of the Big Boyz. One point that Jim Hopkins and I share is that when the tail is wagging the dog, it is cause for concern. When I see the averages up and the money flowing out of the Big Boyz, all sorts of red flags go up! I look at the market as a four-legged stool -- Retail (WMT), Drugs (take your pick), Financials (I use C), and Technology (I watch INTC and DELL). They all got crushed this week! OEX is sitting at a critical point. It had broken above a long-term clearly defined trend line. I show it sitting right on it (at resistance). No, while this market may well go higher, it is toast! My review of the Big Boyz provides me with an almost equal number of shorts vs. longs. I probably won't start playing again until Tuesday, and I'll make my decision then which way I go. And that is my view of the market from the swamp. So, what is yours? Berney

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next