SI
SI
discoversearch

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: Haim R. Branisteanu who wrote (18788)6/29/1999 2:59:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Hi Haim,

My short-term technicals will get to a CLASS SELL status by THUR/FRI if the market continues up, but its close enough for selling to start as early as tomorrow. I am still not expecting a huge selloff yet, maybe a retest of 10,450 or 10,200/10,000.

I do believe that once the next downswing is over it will be a strong move up(new highs) for only selective sectors, not the whole market. That strong upswing could be the blowoff top some are looking for. Also that upswing will just be part of the correction process that started in APRIL, something like last year.

seeya



To: Haim R. Branisteanu who wrote (18788)6/29/1999 4:44:00 PM
From: John Pitera  Read Replies (1) | Respond to of 99985
 
Haim, every day is an opportunity to buy puts, the question is can you get them to go up in price after you have purchased them. -g-

Lets see if Bonnie Bears rule of selling the market at 12:35 on the day on a FED announcement holds true tomorrow.

Donald tomorrow's rally may be an opportunity to buy puts.