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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (9932)	12/10/1998 10:51:00 AM
From: Doo	Read Replies (1) \| Respond to of 44573

Suresha: With some minor modifications, William O'Neill's price and volume signals on the indices, along with sentiment indicators, are what I follow for determining intermediate term market direction. Currently, we've had four distribution days (inside of three weeks) in the face of bullish sentiment numbers which are at 5 year extremes. During the window for the distribution we are seeing, volume on down days has significantly outstripped the volume on up days. A/D has deteriorated during this same window and has not suggested strength on any upward movements. All in all, the "IBD market direction" would seem to be at a critical point here, the bias is for a significant turn to the down side.