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 (79221)	6/26/2001 11:32:07 AM
From: eichler	Read Replies (1) \| Respond to of 99985

NV, You were calling for a topping in the energy/oil sector for several weeks if I am not mistaken. With prices of energy commodities trending lower of late, just want to say "good call". On the bullish stock perspective, I would just like to mention that the weekly compx chart went negative several weeks ago, and doesn't look to be nearly done yet with the downside. Stochastics are about halfway down between overbought and oversold and I often find that some of the bigger parts of up or down moves come on the final push to overbought or oversold. My own stance at this time (and since the weekly signaled the sell-off) is of extreme caution and I do not expect to become bullish until the weekly compx shows oversold and the daily signals a reversal back to the upside. I am doing nothing for the most part, very light speculation on cellar-dweller basing action charts only. Not planning on doing any more than that until a washout or reversal becomes evident. If a catalyst is going to trigger a substantial move one way or the other, seems likely tomorrow's Fed move would do it. Best of luck with your current positions, hope they work out as planned. But if they don't, hope you have a back-door exit plan ready. - gg Regards, Eichler