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: Les H who wrote (39590)	2/10/2000 9:57:00 AM
From: HairBall	Respond to of 99985

Les: Isn't there also a double head-and-shoulders formation on the weekly chart? There is one on the weekly from Oct 98 for sure. As you know I put little stock in H&S patterns unless I have other supporting indicators...<g> Yes the NYA and the COMP have not supported the rise in the NAZ. The SPX topped Jan 3rd. It is influenced more by issues from the NYA, but as we all know it is a mix of issues from the NYA and COMPX. I believe the VGY will tell us if the majority of stocks, which have been a bear market since 98, are going to resist the coming revaluation of the high flyers. Will investors for the most part rotate or bail? The VGY will be a clue! Regards, LG