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: mishedlo who wrote (81339)	8/10/2001 9:56:42 AM
From: eichler	Read Replies (3) \| Respond to of 99985

Mish, Apologies. My comment about the oversold condition was only in reference to the 60 min chart which was mentioned in the preceding sentence. In re-reading my post, I see it was unclear what exactly I was referring to by oversold. The daily is not oversold and I would be in the same camp as you as far as expecting a brief rally unless the daily chart also improves dramatically should the bounce I'm anticipating occur. Who knows though, if we can get a higher high and higher low, this sets the stage for another, and another.... It's a day by day thing... There's no guarantee the bounce will even occur. If yesterday's low is taken out, all bets are off and I will be looking for lower targets again. As of yesterday's close, it was looking like a change in direction was in store.... Best, Eichler