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: t2 who wrote (76933)	5/13/2001 2:27:24 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 99985

NewVision, yes, the Naz is out of "overbought" territory, but still far from "oversold" territory, where meaningful advances can start. Furthermore, if you look at your chart, observe that the fast line (MACD) is just about to cross the slow one, a typical trend change. Moreover, the histogram clearly indicates that the upside momentum has collapsed, and until we spend some time in "negative territory", hoping for a rally, is at best dangerous, at worst, well... As you can see, I am still donning my bearsuit, by the end of this week, it will be a month since I put it on, and looking at what I "left on the table" by being "over cautious", I don't see much. Frankly, the pattern of the last three weeks is a masterfully choreographed distribution top, orchestrated by the various "powers", as LG used to say, "think like a criminal", since "they" surely are. (VBG). One more little "indicator", in the last two weeks, Haim's daily screen has at best 5% buys vs 95% sells. Zeev