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: Vitas who wrote (30994)	10/21/1999 11:11:00 PM
From: Secret_Agent_Man	Respond to of 99985

"Great Spirits have encountered violent opposition from mediocre minds." Albert Einstein

To: Vitas who wrote (30994)	10/24/1999 7:55:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Vitas: I went back and checked for post to me and noticed I missed one from you. Here "is" what I am seeing... One of My WOW Day Trader Combination Charts (My OMC, The TYX, XAU & DYX) Weekly Semi-Log Chart. homestead.com One of My WOW Day Trader Combination Charts (My OMC & The VGY) Weekly Semi-Log Chart. homestead.com My QChart OEX (S&P 100) 60-Minute Semi-Log Chart homestead.com It has been obvious that the OEX/SPX has been in a downtrend since July of this year. The OEX/SPX is a crossbreed of the both the NYA and NASDAQ as it contains issues from both exchanges. So the OEX/SPX represents a middle of the road Index for the Overall Market per the major Indexes. As others can not follow my OMC except when I post it, the OEX/SPX can be used to help filter out the noise generated when the NYA and COMPX diverge. And, one can not ignore the influence of the futures related to the SPX. The VGY (Value Line Geometric Index) is a representation of the over all market with out the weighting bias of the large cap issues as with other major indexes. As posted many times on the MDA Thread and my updates on the original MDA Web Site and my current Road Kill page, I have pointed out the top in April 98 of this Index. It is obvious the general market has been in a major correction since April 98. I expect the major weighted Indexes to follow to the downside before the correction is over. If I am correct and my OMC Index is to come back well inside its multi-decade rising trading channel, the market as measured by the Indexes is in for a strong move down, soon! I believe I have already seen the top in my OMC and that an acceleration of the move down will start before the end of the year and could start at anytime. However, it is possible for another spike up in the major Indexes, but the risk/reward ratio has greatly increased for the buy and hold investor, IMO. For the quick and nimble there is always opportunity in volatility. But one should reduce exposure to risk capital only at this time! Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.