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 (35933)12/23/1999 4:42:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Dennis, obviously the 'thing' is quite a freight train...however, no bell will ring at the top, and it's probably a good idea to remain cautious. did you see Dick Arms today? i know, he's an old era old-timer, but he had some interesting things to say about how overbought conditions have become and how the expansion in volume didn't really produce much movement (NAZ excepted) looking at the past 6 months or so. i immediately had to think about the consistently negative tick readings that bug me so much...
of course, as long as liquidity stays ample, most concerns can probably be postponed until either liquidity dries up or some confidence eroding event occurs.

happy holidays!

hb



To: dennis michael patterson who wrote (35933)12/23/1999 7:14:00 PM
From: KM  Read Replies (1) | Respond to of 99985
 
That's what they thought at the top of the Nikkei or maybe the peso before it got devalued.

But, like Heinz said, no one rings a bell at the top and as long as you can get out quick, might as well ride the train.

I hope you and your family have a great holiday.