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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (35156)12/14/1999 8:02:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
at the very moment when more and more analysts come out openly to dismiss the a/d line as a relic, it is probably time to pay some attention to it. no-one can dispute the historical fact that the two worst bears this century were preceded by a/d line divergences of roughly similar length (we're in between the two in fact). could it go on longer? i guess it's possible, but i don't buy this perpetual a/d line thing...if all sorts of sectors are tanking, something isn't right. people completely forget that while technology is certainly growing fast, it's still only between 5 and 6% of GDP. are we to think the rest of the economy doesn't matter anymore? the truth is that more and more money has been concentrated in fewer and fewer stocks, on considerations of momentum alone. in a word, madness. sure, it's great to trade in a mania, but i thought that's not what institutions were supposed to be doing....

hb



To: bobby beara who wrote (35156)12/14/1999 9:41:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Heinz, big volume last week in the ndx with no net progress

timely.com

and we got the upthrust after distribution, the Dot made it's inverse H&S projection, it's time for the internet cookies to crumble, it's gotta be, i played amazon into the july top and got out, same with this one =gg=

need to take out last thursdays low to confirm, sox and boxes topped earlier and now i believe the dot coms have, although i could give aol a possible nother leg up, the chart could be putting in a 4th wave correction here.
timely.com

everybody wants to hold out to the new year to take profits on their tulips, will the market be so accomodating?

bb