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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (21449)7/29/1999 7:50:00 PM
From: Michael Watkins  Read Replies (1) | Respond to of 99985
 
I tell you, Ralphy A. Baby can sure call a intermediate term top. I think he has been able to do that the last 2 times he started cheerleading.

LOL!

I think he is looking at his indicators in TradeStation upside down!




To: Monty Lenard who wrote (21449)7/30/1999 12:23:00 AM
From: marcher  Read Replies (1) | Respond to of 99985
 
>>Well I bought some stuff this afternoon for a little bounce but the adv dec volume turned terribly negative in the last few minutes. That makes me believe we could gap down at the open but I don't expect it to last. I actually look for a rally after the downgap.<<

Monty, add to a/d negativity the bearish 3 day candlestick patterns of inx and oex:

iqc.com

iqc.com

and the bearish engulfing of sox and iix:

iqc.com

iqc.com

Looks like Yipes! to me.

--Marc