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: eichler who wrote (81002)	7/30/2001 6:13:26 PM
From: exeric2	Read Replies (1) \| Respond to of 99985

Dear unbiased one... I knew throwing that bone would get you back. <ggg> Good to see ya back. I sure hope you're wrong about market direction. I'm looking at sentiment indicators also - mostly VXN. It hit 50.5 today which is lower than it was at the May high so according to that we are at a very optimistic sentiment level. I like to use VXN because it is a bigger sample of sentiment than Rydex. You can have all sorts of short term aberations if the sample is too small. JMHO. Also I was looking at the descending wedge and on the futures there is a medium size upside down hammer today and we are right at resistance of the upper bound. So I think tomorrow or the next day should tell which direction it goes. Good Luck! Regards, Exeric