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: KymarFye who wrote (81356)	8/12/2001 2:44:11 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Actually, to me your chart suggests that the QQQs (like the Nasdaq, NDX, and leading sector indices) are still short of being oversold, much less "very" so - your %R and Stochastics, ferinstance, haven't even penetrated the lower line. Good analysis KF... I'm not expecting a turnaround by a long shot... Just a technical bounce to lure some money off the sidelines for another pounding... Williams %R and Stochastics are near a bottom... CCI is at a bottom where technical bounces have occurred in the past... Accumulation/Distribution and MoneyFlow are slightly positive suggesting money coming in around the 40 area... stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a39][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3] I still think we'll see a return to the April lows as the magnitude of the layoffs starts swelling the unemployment numbers and tightens wallets and purses... But, the nature of a Bear market is to present hope and then dash it... Perhaps the next false rally will give the impetus for a final Bear capitulation... Jim