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: Lucretius who wrote (41266)	2/24/2000 8:16:00 PM
From: Gary Burton	Read Replies (4) \| Respond to of 99985

Anyone know what the DJ INTRADAY theoretical low was today (not the print)---If so, was it below 9884??---Jerry Favors Feb14 newsletter--Since 1980 the DJ has held above the "Gann Quarterly" intraday lows when tested-- 13 times all the way up. Last low was 9884 (the day when the print hit 9976 in Fall 98)---Today's print low was approx 32 pts below the 9976 print--but was the intraday low today below 9884??---Favors says that if it was, the Bull Mkt on the non-Naz mkt is Over and -after a rally- the next test will be 8994 intraday and then ultimately lower than that.---Favors says that if 9884 is broken intraday, the odds are we will see at least a short term low either the same day or within 1-3 days and then begin a fairly strong short term rally.It is after that rally runs its course and we begin to break down to new lows again that a major decline would begin---fwiw