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: wmwmw who wrote (19992)	7/13/1999 10:42:00 AM
From: J. P.	Read Replies (1) \| Respond to of 99985

I've used a projection oscillator quite a bit, and most of the equities I track look oversold. The .DRG (Pharmaceutical Index) is buried on 0, which is waaaay oversold. I think the expiration will tend to keep things level, however, because it seems like the price of equities tends to gravitate to the strikes with the greatest open interest due to excercising options. I'm not actually expecting much of a move until next week.

To: wmwmw who wrote (19992)	7/13/1999 10:53:00 AM
From: Benkea	Read Replies (1) \| Respond to of 99985

Wang: "My call is based on my experience and a feel to balance all available fundamental and technical factors." And how pretail do you use the first half of your weighing machine, fundamentals, on the net stocks? Net are 100% (make that 150% due to margin - hehe) technical. There are no fundamentals (and that is putting it nicely).

To: wmwmw who wrote (19992)	7/13/1999 11:28:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Wang Wei, >>> The current market weakness may stem from caution before the release of CPI, PPI. My call is based on my experience and a feel to balance all available fundamental and technical factors. Let's see what happen later.<<< I respect the opinion of others, but I also would like to hear the reasoning behind ones opinion. Most of us on this thread go to lengths to express our opinion and share it. I dont care who is right or wrong, since what I feel what is most important on this thread is the sharing. On the other hand if someone makes strong comments/opinions and does not support it then that does not follow the desired spirit of this thread. You came on quite strong a few days ago, saying something like that this week the DOW will be up about 350 points. Hey, you could be right if the economic reports are good, but SO WHAT if you are right, since you dont explain your position that well enough for us to follow your logic. I am also expecting an upswing, but not this week. It should start sometime next week, and I would not be surprised if it was quite strong and ending around early AUG with the DOW no higher than 11,500 but with possibly other sectors higher on a relative basis. Hope you go into more detail, otherwise there is not much to follow. seeya