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: jjs_ynot who wrote (16157)	6/5/1999 8:02:00 PM
From: donald sew	Read Replies (2) of 99985

Dave, Thanks for your analysis. Although my system is somewhat complicated, I try to keep it simple/basic at times. Most of the indices have produced lower lowers which were preceded by lower highs, which is basicly a definition of a downtrend. That does not mean that we did not bottom, but we need confirmation as you stated. To have good confirmation that this correction is over, we really need a higher high and not necessarily a new high. On the other hand the forth coming downswing would need to set a lower low to continue the downtrend. On more possibiity is that the market produces a LOWER HIGH and a HIGHER LOW which implies a TRIANGLE. My point is that we really need confirmation in either direction. I am still bearish, but I will still look for confirmation day by day. Although I have made strong opinions, I dont do it often. It just befuddles me how some can be so strong with their opinions. Its refreshing to hear objective analysis's where one requires further confirmation, regardless of their opinion. seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next