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: Les H who wrote (54590)	6/19/2000 12:56:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

more loops: csf.colorado.edu csf.colorado.edu

To: Les H who wrote (54590)	6/19/2000 9:45:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

WHAT TO EXPECT NOW. June 19, 2000 ORD ORACLE Timer Digest (203) 629-3503 has us ranked The Ord Oracle #3 in performance for 1999. We may be ending up with a signal in the very near future on the S&P cash index. On today's rally to new recent high above the June 2 high, the volume shank to 925 million shares compared to June 2 volume of 1.18 billion shares. Usually volume dictates which way the market is truly heading. If volume falls off during a rally that breaks to modest new recent highs than the force behind that move is weak and the market will usually reverse back down. We think that is what will happen on the cash S&P's. The force (volume) is not there. We also noticed the McClellan Oscillator broke to new recent lows with the September S&P's breaking to new recent high, which is a negative divergence. Today in candlestick charting on the September S&P's a potential bearish "Last Engulfing" pattern formed. To confirm this pattern, tomorrow's close needs to be below today's closes, (which is 1504.50). The "5 day ARMS" closed today at 5.21 which is neutral. There is a time cycle for a turn coming in on Wednesday June 21, which could imply a high. On our previous commentary, we talked about the short term bearish "Three Gap Play" that formed from the May 26 low to the June 2 high. This pattern may still have its effects on the market that has a down side target near the 1380 level on the cash. No new trades for the moment but a "short" may be lining up. The Composite did break and close above the recent highs, but the volume was only about equal to the previous four days. Volume is supposed to increase on a valid break above highs. The current condition is suspect. No new trades on this index for the moment. Our first upside target on the XAU is near the 70 level. We are still long this index.