Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (16762)	6/10/1999 10:12:00 PM
From: Berney	Respond to of 99985

Heinz, I sure noted it! The bigger point to me was the OEX rallied above the 50 DMA, tried, but could not hold. I'm about 90% cash as of this afternoon and will only trade intraday until I see a change of sentiment. Every rally is being overwhelmed with selling pressure. Most of this money is IRA type accounts so I can only stand aside when I don't have a positive view of the market. I'm happy with the year to date performance. There are times to be aggressive and there are times to be cautious. When I'm seeing major horizontal supports broken all around me, trend lines evaporating, and DMA's being treated as they don't exist -- I'll be cautious. This just reminds me too much like last August. I actually made 2.3% so far this month, compared to .1% for the S&P, but it has been too difficult on my nerves, and I only play the Big Boyz. Berney