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: stockycd who wrote (31119)	10/22/1999 7:50:00 PM
From: Benkea	Respond to of 99985

Well Thursday was a little hainus, but I wouldn't call it terrible. Maybe Shep is about to join the Favors, and Imakeyoupora ranks: "CRASH ALERT UPDATE: WEDNESDAY NIGHT BULLETIN: CRASH RED ALERT: We weren't at all impressed by Monday's bottom, and feel that there is still more work to do on the downside before a meaningful rally can be sustained. Market internals continued their freefall despite this weeks rally, which looks to be of the "dead cat bounce" variety. In fact NYSE new lows expanded Wednesday despite the near melt-up in the senior averages, that is NOT a good sign. Considering the Globex action in response to IBM's warning (S&P futures some 13 points below fair value at time of writing) we could be in for a Thursday bloodbath. With only 2 days left in our 10/19 +/- 3 trading day turning point window the action Thurday could very well be of the mini-crash variety. We look for a drop below Monday's lows before the weeks is out, so Thursday could see a plunge of 50-60 SPX points, and a 500 or more point sell-off for the Dow."