SI
SI
discoversearch

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: dennis michael patterson who wrote (34634)12/3/1999 11:16:00 AM
From: Lee Lichterman III  Read Replies (3) | Respond to of 99985
 
Anyone know what is up with GTW? The charts were saying today was a buy in day but GULP, this looks weird. No news I can find other than a halt but it doesn't say why. Did they warn?

Well I guess I read too much into labor reports because while the employment numbers were flat, it also mentioned that NAPM was higher for costs paid and wages went up again. New paradigm I guess.

As I said, I thought they would have to put in a new high on the DOW and SPX before it would be allowed to end. I have been playing long but I am now going to start trying to find shorts to play for the next couple weeks. I think this is the blow off phase that will turn down in a week or two albeit from higher levels.

In case you didn't see it, I added those stocks to my site last night.

Good Luck,

Lee



To: dennis michael patterson who wrote (34634)12/3/1999 12:45:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Dennis, i'll hit up favors for a spiff then -gg-

GE has a similar chart to schwab from december 98 thru march 99, a rising wedge, that was broken out of and retested on the March 19th correction, and went parabolic into the mid april top, maybe we have a similar replay here.

timely.com

b