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: donald sew who wrote (29400)	10/13/1999 3:41:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

BTW, there are also the THREE BLACK CROWS on the weekly chart in July-August which has a longer-term negative implication. The same thing happened in 1998 and the market consolidated before it made the 2nd leg down.

To: donald sew who wrote (29400)	10/13/1999 3:57:00 PM
From: Daniel Joo	Read Replies (2) \| Respond to of 99985

Shorted QCOM and bought MOTMQ this morning. Tried to short QQQ as well but Paine Webber didn't have the inventory. Mine are position plays - 3 months or less. The reasons I took these positions are as follows: - I'm stating the obvious here - but the DOW and SPX are making lower lows and lower highs. IBM broke the $110/share resistance which bodes ill for the tech stocks. 30 year Interest Rates passed 6.25% and climbing. Markets not moving on good news and moving down hard on bad news. Dollar is weakening. Gold is climbing. I'm anticipating that future economic news will not be good on the inflation front. We spent some time at Martha's Vineyard late this summer and tried to make a reservation at a restaurant that came highly recommended - the restaurant was closed on a Saturday night due to labor shortages. Tightening in the labor market will be reflected more in future economic numbers in the form of even higher wages and higher price pressures - IMO. Looking to enter more short positions as events unfold themselves. Dan