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: Vitas who wrote (18109)	6/22/1999 2:42:00 AM
From: Doug R	Respond to of 99985

Vitas, The activity in the market today as, intellectually, measured against the resistance provided by that 13 dRSI line, obviates the strength of any move that would take the indicator above the line. The resistance line met today is "line 4". There is line 5 below it. That's the nasty line...and it's uptrending. There are 3 other lines above line 2. The signal for "exuberant" strength in the market's upside is very dependent on a break over line 3. A break over line 4 would probably see a retest and, if the retest is successful, a move to attempt line 3. Pricewise, that would be saignificant. Of course, a steady drift that maintains the line 5 uptrend will most likely provide ample opportunity to safely trade the rangebound activity (with a bull run waiting in the wings). The other role of line 5, upon a break to the downside (or even the threat of such), is a loud and clear signal to seriously consider breaking away from long positions. Doug R PS; 5/36 IS 5/6. PSS; Wait until the real money is done trying to second guess itself. When a concensus is reached, it'll be obvious. Obvious is the best.