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: HairBall who wrote (424)	12/4/1998 4:26:00 PM
From: epicure	Read Replies (1) \| Respond to of 99985

>And, the trend line was violated.< Are you talking about the upper channel on the 30 minute chart? I can see it was violated, but it was by very little and it held very close- i give the oscillations within the channels a little leeway. The channel may still hold (imo)- depending on Monday's action.

To: HairBall who wrote (424)	12/4/1998 5:50:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

LG, I speculate for a double top on Dec. 9 or Dec. 10 for SPX 1190-4 or so. Any long position with close stops BWDIK Haim

To: HairBall who wrote (424)	12/4/1998 6:36:00 PM
From: coug	Respond to of 99985

LG, Todays action, IMO, resembled July 30, 1998, 10 days after the top. July 30 closed up roughly 15 spoos to 1146. By the end of July 31, it had given it all back to 1123.. Today the up vol/total volume only varied between .67-.75 on a hourly basis.. bullish but enough to start a new up leg. On 7/30,98 the u vol/tot vol varied between .70-.75.. even stronger.. The Adv/Decl today was between 1.6- 1.86,closed on its high which is good.. never reached 2.00 though. On 7/30/98, the first hour was 2.38 and closed at 1.92, not the low of the day but lower.. Since the July top all new up-legs have started out with the adv/decl ratio greater than 3.0. and the Up/tot vol. ratio greater than 0.75. So IMO, if the adv/decl after one hour on Monday are less than 1.00 and the U/tot vol. nos. are less than .50, or anytime during the day those two numbers are breached roughly together, we go much lower in the coming week. And it is my thought now they will be but I won't initiate a short until they do.. good luck all... the Coug

To: HairBall who wrote (424)	12/4/1998 10:44:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 99985

Believe it or not I was flaming out because I cannot tell time. I guessed the 3 EST would see a rally and I went long....but at 2. I have no idea why I thought it was 3 o'clock when in fact it was 2 o'clock. Whipsawed the daylights out of myself. Anyway, I stayed long because Cash powered into the close on what I guess was MOC buy programs. Saved my day, anyway. I don't know how easy it will be to convert your system to intraday, by the way. Different animal.