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 (30650)	10/19/1999 5:48:00 PM
From: Fun-da-Mental#1	Read Replies (3) \| Respond to of 99985

Don, funny you should mention oil-drillers since that was a favorite sector of mine earlier this year. Some of the drillers and smaller oil/gas producers have just gone through chart-falling-off-a-cliff style crashes and so I think it is a bit soon for investors to come back there. Most of them are still running away screaming. Maybe we need a basing period. I'd love to see the action come back there though. Fun-da-Mental

To: donald sew who wrote (30650)	10/19/1999 6:08:00 PM
From: Monty Lenard	Respond to of 99985

strength in the DRUGs Hi Donald, appears they may have rotated the drugs too fast. <g> Look at those big rising windows on JNJ, LLY, PFE. Wonder when they will fill them. Pretty soon if recent history is an indicator. Monty

To: donald sew who wrote (30650)	10/19/1999 7:00:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 99985

Actually DON, Eric would be able to provide excellent charts and Bullish Percents on all sectors thru DWA.. nothing better than P&F sectors studies... and fwiw..almost ALL sectors are way oversold...the entire bullish percent charts on P&F have the group totally to the left of center..like near the 20/30 yard line... so if we do have another downward move of sorts..these groups will be at the very bottom of their respective trading bands.... it's always nice to buy stocks in beaten down sectors , just when they, AND 3-4 P&F index indicators turn UP...powerful position type trading can bring in major rewards..major.. as for any futher downside..from these lower levels i would hazzard a guess it would be smaller than we perceive... a 15% correction on the DOW is about 9600-9700 so no biggie there..as for the NAZ from 2900, 15% is 435, or 2465, right at the latest recent selloff...i'm already in QQQ puts... with the amazing volitilty in all markets..200 points could happen in a blink of an eye... i would think, that would signal to buy in here with both fists full of money..and "this Time", let it all run to Apr...my Birthday week<g> then sell the damn thing, take the rest of the year off, and then buy back in againin OCT??? hey this is easy huh???<VBG>