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: bobby beara who wrote (66294)	1/8/2001 9:41:55 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby beara: Looking at your chart, I think it is a little early to draw that upper channel line. Yep, the volume spike in the late May low was on a day that turned positive as was the volume spike last Wed. We saw a rally of about 1,247 points off the May intraday low. A similar run up off Wed's low would put us in the neighborhood of my targeted tops...around the Madonna Cleavage again...<g>...time will tell! Regards, LG

To: bobby beara who wrote (66294)	1/8/2001 9:52:28 PM
From: Haim R. Branisteanu	Respond to of 99985

BB, equivolume of my scan are also mostly positive. Haim

To: bobby beara who wrote (66294)	1/9/2001 1:20:22 AM
From: Gary Burton	Respond to of 99985

Naz looks like it is near the end of a descending wedge starting from the Nov6 high (which was either a 4 or B)--Series of little abc's makeup the movements within the wedge. As I interpret it, we did the 'a' and the 'b' of the E part of the wedge on Monday and we need to drop to slight new lows next 2days (2160-2200ish)to complete the entire sequence---then leading to a strong rally, perhaps back to the origin of the wedge (3400-3500ish), since wedge's tend to get fully retraced.

To: bobby beara who wrote (66294)	1/10/2001 2:02:34 PM
From: eichler	Read Replies (1) \| Respond to of 99985

bobby, na mon, da jamaican 900 peeple an da moondudz r not en da same houz. Dey iz no relashun. Ya know, late 1999, when the fed pumped $ into the system big time (but I was not a student of these indicators at the time) against the Y2K fears, I was playing Russel 2000 stocks which were doubling and better all the way to the spring 2000 Naz highs. If I recall correctly, they also lead the way getting trashed by the bear. Aside from the dial-a-900-moondude recording, I am noticing the Russel index having put in a higher high and what (if today's action holds) appears to be a higher low as well, on the daily chart. A number of POS (under $1) stocks I watch have been noticeably rallying for the first time in I ferget. Some have doubled and tripled in price (dwch for one) off their lows of slightly more than a week ago. More seem to be joining the party. Methinks this is a possibly bullish divergence in the broader markets, perhaps the small cap stocks are leading the way up now as they led the way down (in % loss I'm thinking) in the spring. While I won't be holding my breath waiting for perhaps another non-materializing rally, I am encouraged by the overall landscape (tho there are plenty of negative factors) with the fed lowering rates at the same time as pumping the money supply. I am currently thinking we have seen the worst for the time being. Many charts appear to be in the bottoming process, maybe we get a rally which breaks the downtrend on the naz daily chart in the next couple of weeks.... Eichler Watz da beara indicator sayin today?