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


To: Terry Whitman who wrote (26152)9/16/1999 11:50:00 PM
From: sargent  Read Replies (1) | Respond to of 99985
 
Have not posted in over 6 months on this thread (I think), but have read most of the messages.

Tone of entire SI thread is extremely bearish, including MDA, moreso than normal (which is usually bullish) - even the IBD bullish percentage is as low as I have seen it in quite some time.

Market finds a way to go up from here. Too much is on the table on the short side or (long $$) on the sidelines.

Use SI as a good signal for reversals - everyone (longs) is pretty unhappy and bailing.

Just my take - has worked well before - although we have not been on the verge of 3 rate hikes in a while...



To: Terry Whitman who wrote (26152)9/17/1999 12:08:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Terry surprisingly to all oil is holding firm. Several month ago I never dreamed of oil at 24.5 in September.

Oil stocks are acting slow, which indicates lots of sceptics regarding oil prices which can be used as a contrarian indication.

On my screen most airlines are red.

BWDIK
Haim