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: bobby beara who wrote (18872)	6/30/1999 8:44:00 AM
From: Benkea	Read Replies (1) \| Respond to of 99985

bobby: "Japan is showing great volume breaking out of this bottom and now has a H&S pattern that projects to the 1996 high around 22,000 (GOLD -G_!!!) Hang Seng retested an h&S breakout on 5/28 and now rallied, this pattern projects to 17000 area, new highs on HSI." Where do you think a lot of that money is coming from?

To: bobby beara who wrote (18872)	6/30/1999 9:03:00 AM
From: pater tenebrarum	Respond to of 99985

Bobby, i'm a lot more bullish on the asian indices than on the S&P; note that a strong japanese stock market will likely lead to money flowing from here to there. i do agree that the october low is likely to have been an important long term bottom and i'm not advocating a crash necessarily (it's possible, but i don't see it happening in the near future). but the 'correction' we have seen was a joke; a deeper decline on heavy volume is necessary imo to flush out the weak hands and bring bullish sentiment down. then the stage for a strong healthy rally would be set. regards, hb