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


To: Stcgg who wrote (56279)7/9/2000 1:09:20 PM
From: Archie Meeties  Respond to of 99985
 
I notice the thread is now saying that coming earnings will be fine, but next 2q's may be weak. If this sentiment is shared by others, it's a recipe for a downturn NOW. Selloffs don't happen when profits weaken - weakening profits confirm a selloff.

And the macroeconomic picture isn't perfect either.

businesscycle.com

Let's see... slowing growth, rising inflation, a rapidly expanding money supply... What's that good for?



To: Stcgg who wrote (56279)7/9/2000 1:31:24 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 99985
 
All that is true about the SOX. And yet, I used that downgrade to make some nice trades this week. But if we go down again, I may not be so lucky. Frankly, I was stunned to see PMCS hit the 190s friday. I sold with a smile. They have earnings this week I believe.



To: Stcgg who wrote (56279)7/9/2000 9:48:39 PM
From: Steve Yuan  Respond to of 99985
 
Stcgg,

Regarding your statement, "INTC has put in a double top on negative money flow and A/D line", would you please clarify that?

I have checked OBV on SI. It is still going up. Also, regarding A/D line for intc, do you mean that in terms of days?

Thanks,

Steve