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: Stcgg who wrote (54565)	6/18/2000 11:17:00 PM
From: Mike M	Read Replies (2) \| Respond to of 99985

We have the Nasdaq sitting with a rounded top on an artificially created Island that refuses to rise.. Now how could anyone assume this activity is all of a sudden going to create a burst of impulse buying to the upside that someone isn't going to be selling into before anyone else gets the chance to do so? Unless the market is waiting for a catalyst. Perhaps the Fed will proffer some assistance with a no raise decision in the short run. I'm not suggesting we aren't in a bear market but instant gratification may be difficult to realize in either direction in the short run. Daily stochastics overbought. Weekly,at 39 is not...Bollinger is inconclusive. I'm of the theory that, in the short run, the market will fluctuate...In the long run..., hell, in the long run we're all dead.

To: Stcgg who wrote (54565)	6/19/2000 6:49:00 PM
From: Mike M	Read Replies (1) \| Respond to of 99985

Now how could anyone assume this activity is all of a sudden going to create a burst of impulse buying to the upside that someone isn't going to be selling into before anyone else gets the chance to do so? 129 points later...Wasn't much selling of INTC, MSFT, ORCL, IBM, etc today...I just don't think the INDU or the COMPX are through yet...Not necessarily looking for new highs...just think the perversity of this market will continue to frustrate the most people possible....