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: Stephen M. DeMoss who wrote (67567)	1/24/2001 1:06:02 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

just a choppy market. If anything the direction is sideways. IMO, a few hundred point drop in the NAZ is imminent, due to money getting extremely bullish fairly quickly. Maybe the market won't like what Uncle Al has to say. I am long some biotech but taking some money off the table here. I am short MUSE (and slightly underwater). I sold my energy tech but will look to get back in at lower prices. I cant get the NG comapny I want for my price.

To: Stephen M. DeMoss who wrote (67567)	1/24/2001 1:36:57 PM
From: KymarFye	Respond to of 99985

Been so focused on resistance at 2859, failed to keep in mind yesterday's high, 2840-1, just where we failed on the gap up open on Friday... Bounced right off it again, now heading through... new set of short positions beginning to ripen... Well what's it gonna be? You all feel more like buying or selling? Must say, a failure to rally from here is going to look very toppy, s-t at least, on the Compx.

To: Stephen M. DeMoss who wrote (67567)	1/24/2001 2:51:50 PM
From: eichler	Read Replies (2) \| Respond to of 99985

Well Stephen, I ain't no guru, tho my compx calls have been pretty good. I was thinking the last Full Moon was going to bring a bottom, it did. Today, New Moon, I feel can mark a short term top. I would expect a Fib style retrace....62%.....around 2500. Noticing lots of stocks getting whacked, breaking their daily uptrend (NTAP for one). Upward progress seems to have been rather stingy this week, I think this market is set for a breather and some pull-back. Methinks the shorts are due to take the upper hand in the tug-o-war and relieve the overbought situation on the $compx before some more upside can be achieved. Regards, Eichler (possible doji for the compx today)