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: Benkea who wrote (20891)	7/22/1999 10:02:00 PM
From: bobby beara	Respond to of 99985

Benkea, i believe the Dow chart made a truncated fifth wave, like it did last year and underperformed the SPX, as i posted the probability on Haim's chicken page about a week or two ago. At this point in the cycle we have the cyclical stocks looking for another wave up for the Dow 12-13000 many are projecting, however the cyclicals have stalled out and are starting to fade down out of their triangle. The real action is in the XCI which made a clear five waves up from 5/26 and has not been confirmed by the technology transports - the storage componenents like seg, iom, wdc, rdrt etc for a couple of years. bb