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


To: Jerry Olson who wrote (50090)5/10/2000 9:27:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
OJ: My work via the TYX is signaling a bond rally is close. Will this technical rally be fulfilled due to a flight to safety?

Just following my charts as always, I'll let the "talking heads" assign the reasons, after the fact!

The NAZ Emini looks to open slightly below its rising consolidation pattern's supporting trend line (bearish flag). That would be an open below 3400. If that happens both the COMPX and NDX will open below their respective bearish flag supportive trend lines as well. (Semi-Log Charts)

If the NAZ Emini provides a follow through decline after the open...today could get dramatic. However, most of my intraday indicators are in the oversold area with my longest-term intraday indicator still moving into the oversold range. We could see a intraday pivot today...something to keep an eye out for...either way today could prove exciting!

Regards,
LG



To: Jerry Olson who wrote (50090)5/10/2000 10:55:00 AM
From: James Berg  Read Replies (1) | Respond to of 99985
 
>"IF" my triggers hit on stocks and indexs...the selling could be amazing...

The DOW just broke 10,400 for the second time today... Could be interesting if it doesn't bounce like it did last time.

--James



To: Jerry Olson who wrote (50090)5/10/2000 11:06:00 AM
From: kami  Read Replies (2) | Respond to of 99985
 
Options Jerry.<my thinking today is we crash!!!! right here>
You have not seen crash like 87. We are in mini bear market
with market waiting for FED meeting next week and huge
money waiting to jump in and begining of summer rally.
There is certainly inflation but not comparable to 87.
earnings and growth are excellent and economy is healthy
and strong.