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: Lee Lichterman III who wrote (40088)	2/12/2000 11:38:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Lee: Your head is always welcome here as is Don's...but you need to make your post a little longer...<g> Regards, LG

To: Lee Lichterman III who wrote (40088)	2/13/2000 8:55:00 AM
From: bobby beara	Read Replies (4) \| Respond to of 99985

>>>>I still show the tech sectors ready to decline and the 3 peaks and a domed house are appearing on not only the NASDAQ/NDX indexes but also the sector indexes like the CWX, TXX etc.<<<< Lee, glad to see you poke up here, always good to get someone who uses well thought out analysis - based on technicals, rather than clownish behavior or cnbc parrot behavior to make market calls =g= I do believe we are putting in a triple top here on the nasdaq, but the one thing that does linger in my mind is the almost 2 billion share gap to new highs, markets rarely end on record volume. Why i am targeting 3507 is there is a gap there that was retested twice and some very good support, I believe it is possible for us to find support in that area and have a failing rally to new highs in the late spring on weaker volume, while the spx/dow are putting in a right shoulder of the down angle H&S pattern that is now in formation. This would give the nasdaq a similar pattern to the dow. A couple of stocks to watch are qcom and aol, both have narrowing symetrical flags on declining volume and are close to decision point. Japan fell out of a narrowing to a point 5 wave rising wedge in the last trading session, i would expect to see follow-thru selling in todays trading session to confirm a top is in there. b

To: Lee Lichterman III who wrote (40088)	2/13/2000 9:03:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Lee, interesting that no one is mentioning that the DOW transports will have to go up 50% from here to make a new high. Right now, I believe we are in a "topping process", where the "hot sectors" will still make highs, but we are preparing foe a severe drop in 2001. I think that because of the reconstruction of the DOW to include a lot of "todays economy" (INTC, MSFT etc.), it will make a new high as well later this year, but that would be a parallel to the nifty fifty of the early seventies, IMHO. FWIW, I have potential tops just under 13,000 ( a good 30% or so from the roughly 10,000 where I think the current correction will be halted, time to get aboard again) for the DOW and somewhat above 4800 for the NAZ, but unless you are in the then hot sector (and I do not mean AMZN), you may not feel it. Zeev PS, thus, to LG's request for more bullish posters, that was a bullish post (VBG).