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: pater tenebrarum who wrote (32462)	11/5/1999 4:36:00 PM
From: j.o.	Read Replies (1) \| Respond to of 99985

..and keep on biddin' em! The Dow future traded up another 50 points after 4pm, and the S&P moved up 6 points...close 1284! Who knows what's in store for us on Monday... Have a great weekend! BTW - I see us having hit and old support/resistance in GBP/USD. Might see that and the Euro try to move higher next week. I get T-bonds at the very top of their daily channel resistance. Any higher, and the bottom looks like it's in, and the trend goes UP. j.o. indextrade.com

To: pater tenebrarum who wrote (32462)	11/5/1999 5:48:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Heinz, we had a similar week at the july top, when the spx and the dow were flattish and the nasdaq kept rumbling to new highs. To go with my 5 wave count from the 98 lows on INTC, I now have a very clean count on ORCL. I was fooled on that one and confused wave 5 of 3 for final wave 5. But this last spike up should be the panic buying climax 5. Larry Katz reminded me that the last time the spx had such a major component (25% as it does now with techs) and everybody wanted into it was the oils in 79-80, and that was the top in commodities and rates. Speaking of oils, look at the H&S top on BP Amoco (and the broadening top on xoi for that matter). While there are many similarities to last October's bottom there are many of elements missing, such as some panic selling of the high flying techs. This makes me suspect that we can reproduce a similar rally. Dow made a fib .618 retrace and we have a fib 21 day cycle from the lows bb