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


To: Gary Burton who wrote (64406)12/16/2000 3:08:10 PM
From: minorejoy2000  Respond to of 99985
 
Gary,
Last time I had access to his site was when it was free. He does have some kind of model portfolio with stocks and bonds, I believe.
I subscribed for a one month trial to see the new site, but that was this morning and I still don't have access. I'm sure there are otherss who might answer your questions, as he does seem to be widely respected...from what I've gathered, that is.
Mino



To: Gary Burton who wrote (64406)12/17/2000 7:37:12 AM
From: Square_Dealings  Read Replies (1) | Respond to of 99985
 
I've been following R. Hahn now for a couple months. I think he's one of the better TA guys out there because he's also considering fundamentals and other factors besides just charts. His e-wave/fibonnaci work is very good.

His wave time targets for trend changes have been somewhat amazing intraday. But I think most of the time its a toss up as to which way the market is going to turn at the time target. When he gets enough data to give a specific time, for example 10:15 am on Friday, then some good day trades can be made by watching for a turn either way at that time.

He is predicting a rally into the end of the year with a high at the end of December to the first of January marking a significant top before the next leg down.

I think that this will turn out to be opposite and that instead of a high at that time, it will be a significant low instead. I think Friday's action was the tell, the economic data do not suggest that there is enough pain to warrant an interest rate change this month. Also I think the Republicans are going to use tax cuts instead of a money printing press to stimulate legitimate business growth.

I think individual tax loss selling will swamp out any attempt at a rally into the end of the year. To me the market in general looks vulnerable to a sharp drop here. The VIX still needs to put in a major spike to mark a bottom imo, while theres been a lot of pain, there hasn't been enough fear yet. The DOW and SP500 "safe money" is just now getting worried.

M.