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.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Senator949 who wrote (37988)	12/1/1998 9:17:00 AM
From: Kenya AA	Read Replies (1) \| Respond to of 97611

Robin: Don't know about Cramer, but after reading this morning's IBD I'm getting a little nervous. IBD's formula for spotting market tops involves tracking distribution - after 4 or 5 days of distribution over a period of 2 to 3 weeks, the general market will almost always turn down. Distribution is indicated by the index closing down or stalling on greater volume than the day before. IBD's record with this system is VERY good - they picked the market top in July and bottom in October to the day within one week of these events happening. From today's IBD: Monday was the second session in the last four in which Nasdaq volume expanded with the composite index closing lower. This is an early sign of distribution, or professional selling. It's also bearish when when the daily or weekly A/D lines are unable to top their prior highs. A bull market usually traces out a pattern of higher highs and higher lows. Monday's action was a break in the pattern from recent years, when the market tended to rise not only on the Wednesday before and Friday after Thanksgiving, but also on the Monday following. In the last ten years, the Dow closed down only once on the following Monday ('93). On the good side, NYSE volume was not great and block trades weren't above average. I'm taking a wait and see attitude before making any new investments and will stick to daytrading for the time being. Hope my CPQ prediction of a 31 closing low holds - keeping my fingers crossed. DELL is making me antsy also - getting close to breaking support @60. Yeah, El and vepoc, I can hear you laughin'. K