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: Robert Rose who wrote (26133)	9/16/1999 8:29:00 PM
From: Benkea	Respond to of 99985

Reversal? securitytrader.com securitytrader.com securitytrader.com Looks like it!

To: Robert Rose who wrote (26133)	9/16/1999 8:34:00 PM
From: HairBall	Respond to of 99985

Robert Rose: Nevertheless, we all have our biases, despite LG's constant protests to the contrary. <g>...So I remain a happy bull in this bears' lair. :) Just to make sure you did not miss this one...<g> Message 11276759 Regards, LG

To: Robert Rose who wrote (26133)	9/16/1999 9:34:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

Robert, "Nevertheless, we all have our biases" players with biases do not survive. Vitas

To: Robert Rose who wrote (26133)	9/16/1999 10:23:00 PM
From: Berney	Respond to of 99985

Robert, Re: The Sky is Falling You tend to see the extremes in emotion at critical points in the Market. For that reason, I tend to not want to review this thread at these times when the Market is open. Just watch the charts and they will tell the story. IMHO today was an absolutely classic reversal of key support levels. I mainly focus on OEX and +/- 685 held for the third time, and the reversal was dramatic. Over time, I've noticed that true support is often defined by the big bounce. It's when the stock or Index hovers around key support (particularly with decreasing volume) that red flags should go up. Don has been saying for months that we are simply in a trading range with dramatic moves in sector rotation. I would simply add that it has a negative bias. Be neither a bull or a bear; just sit back and have a brew while speculating what the Market is next going to do. I'm still making my share (and probably some others) of mistakes, but I learn. Just know where we are on the chart. Don't anticipate, but just react to what the Market is doing. Just A View from the Swamp Berney