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: Lee Lichterman III who wrote (22803)	8/12/1999 5:32:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Lee, Please keep in mind that when I mention a short-term top, that does not mean that the market will rally nicely to that point and make a clear peak. As you know I work more on the basis of time than price movement. If the short-term top does occur around AUG 20 and the strong selling resumes therafter, this top may not even look like a top in terms of price movement. As previously indicated, Im more inclined towards ZIG-ZAGGING with a slight upward bias in the SPX range of 1275- 1320, and a slighter chance for a one day/intraday 1340 spurt. Keep in mind that such was based on my cycle analysis, which is different from my short-term technicals. Surprisingly, my short-term technicals are now all in the mid-range to overbought. The DOW and the NDX just entered the overbought region already and if the market was to move up 1-3 more days in a row I would be getting CLASS SELL signals. However this does not fall in line with the short-term top near/after AUG 20. Now either the AUG 20 top is wrong or we could ZIG-ZAG for about another week which would slow down my short-term technicals from getting to a CLASS SELL status too quickly. Another possibility is that I get a CLASS SELL signal in 1-3 days and it dips slightly and moves up again to form a mini double-top closer to the AUG 20 time frame. Hope I made some sense. seeya

To: Lee Lichterman III who wrote (22803)	8/12/1999 8:30:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Lee: There was one call on this thread that pin pointed the beginning of the rally within less than a ten minute window. Regards, LG