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: donald sew who wrote (963)	12/8/1998 7:46:00 PM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

Tuesday's new highs/lows New Highs New Lows Advances Declines Unchanged NYSE 108 43 1258 1778 501 AMEX 11 12 221 339 190 NASDAQ 102 88 1745 2418 906

To: donald sew who wrote (963)	12/9/1998 9:26:00 AM
From: HairBall	Read Replies (3) \| Respond to of 99985

donald: Well, the price action of the DJI (Dow Industrials Actual Data) moving back into the Flag is a move that I do not see often. I am not sure of the implications. Price moves above the previous upper (resistance) ascending trend line, would be very bullish I think. However, there is a secondary trend line that served as support in this Bearish formation. Viewed by connecting the low of 12/4 and the early AM low of 12/8 and extend. This may well serve as resistance and turn the action back down. Projecting this trend line forward one day reveals a track for the 30-Minute Semi-Log Chart from 9060 to 9115. Note: As I am typing, Globex is signaling that the Bearish formation may well be at risk of being negated this morning. I thought that possible after, the price broke down below the supporting trend line significantly and then closed back up into the formation. However, after an obvious struggle, if this formation holds it may well signal substantially lower prices and possibly a retest of the Oct 8 low. This will be an interesting day for me technically speaking, watching this chart pattern resolve. Time will tell... BWDIK Regards, LG

To: donald sew who wrote (963)	12/9/1998 12:22:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Watch Those Advancers And Decliners... NYSE AMEX Nasdaq Bulletin Board Advancing Issues 1,293 201 1,899 545 Declining Issues 1,421 264 1,715 553 ***************************** Don: The Decliners are beginning to exceed Advancers on a regular basis... The market cannot maintain its current levels unless the Advancers improve... The tech stock laden Nasdaq has a slight Advancers majority... This is not enough to sustain the broader markets at their current levels... Jim