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: Michael Watkins who wrote (51315)	5/19/2000 5:08:00 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

Michael,I think that support is on the candle from Mar 20. My reading for this candle is 635, a very strong support. siliconinvestor.com Happy Victoria Day, el

To: Michael Watkins who wrote (51315)	5/19/2000 5:13:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

Michael, 624 on the NYA is incidentally more or less also home to the 200-day EMA and the support trend line off the March low. if it doesn't hold, more downside seems likely. that said, the NYA is clearly the strongest index of late...an amazing performance all things considered. the recent turning point coincided with a few bearish oscillator divergences...unfortunately i can't link decisionpoint charts anymore, so you'll have to take my word for it<g>. high yielders, 'defensive' issues and commodity type stocks are generally still in demand, see e.g. ACI, which i mentioned here the day before yesterday (a coal mining stock): finance.yahoo.com it's a sign of funds that 'have' to be invested fleeing into perceived relative safety...a characteristic of a nervous market. it could well be that the market is beginning to discount more rate hikes down the road.... regards, hb