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: Haim R. Branisteanu who wrote (21219)	7/27/1999 7:49:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Haim, did you get the updated OEX chart i sent you on Sunday - anyway i had updated the below chart with a possible elliot wave count that would allow for a new high. bway.net timely.com This possible count is as follows, the late may - early june rally was wave 1, wave three was the rally off that correction in mid june and ended on 7/19, the retest of the breakout was wave 4 and we could rally from here for the test of the highs. The selling ran out of steam yesterday on one of the lowest volume days of the year and the buying was on good volume today, however the breadth was stinky for such a rebound, we could be attempting to rally to a double top with the oscillator in negative territory, such as happened on the 1/29 top, setting up a bearish divergence. I think there will be stiff resistance at the baseline of the little eve - adam top that we fell out of last week. There is also that pesky gap to fill. bwdik

To: Haim R. Branisteanu who wrote (21219)	7/27/1999 8:34:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

All these BUY signals. Think we're in for a rally again? If Greenspan wants us to have one probably. I frankly see a lot of bargains. AOL deserves to get hit with all its executives selling their stock and losing the access battle for now in San Francisco and Denver. Also "free" ISP's in Europe where they were caught off-guard. But ELNK was up today. So it's not the entire sector that's tanking. Consumker confidence went down which might lead to LOWER inflation. Hardly pressure on the Fed to tighten now.