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: Fun-da-Mental#1 who wrote (53574)	6/9/2000 3:01:00 PM
From: pater tenebrarum	Respond to of 99985

i agree...the NYA chart pattern certainly looks bullish. but the OEX/SPX/Wilshire 5K patterns don't. as you say, lots of contradiction in the current picture. NYSE 10-day trin is e.g. oversold, NAZ 10-day trin is overbought at the same time. amazingly, the NYSE trin attained its oversold level while the NYA was actually rising. OEX underperforms today...generally not a good sign. regards, hb

To: Fun-da-Mental#1 who wrote (53574)	6/9/2000 3:33:00 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

Fundamental,I agree with NYA,this index can take the market up as soon as it will blow off the top. Now, NYA is waiting for the reaction of Indu and Compx. If 664 will be taken out,this will be our support and a summer rally can be in progress. On another hand,the congestion in 660 area is getting danger. T and LU beaten today,should recover on Monday.That should help Indu and NYA. Compx wants to go higher! NYA is the most important Index now,in my opinion. el