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 (1498)	12/12/1998 11:30:00 AM
From: Chris	Respond to of 99985

exact thoughts. sox is/has corrected from peaks. transports broke down yesterday. watching techs VERy closely this week. good post buddy.

To: donald sew who wrote (1498)	12/12/1998 11:31:00 AM
From: Chris	Respond to of 99985

mc clellnan (sp?) newsletter says market bottom around dec 28-29.

To: donald sew who wrote (1498)	12/12/1998 11:32:00 AM
From: Chris	Read Replies (1) \| Respond to of 99985

good job on the timing of this ST market top. you were looking for dec 3.. i was looking around dec 8-10. (depending on which index you were using: ie: djia or spx) good job.

To: donald sew who wrote (1498)	12/12/1998 6:26:00 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 99985

The market now reminds me so much of this past Summer. The Dow was weak with the S&P barely keeping even. But if you wee in Big Cap Tech stocks like Microsoft and Cisco you continued to make an exceptional return - in spite of the ever more sickly advance/decline numbers. When the decline finally started to hit these stocks July ~16 it was pretty clear it was time to move to cash. A repeat of this could carry these high-growth Tech favorites until a general market decline in March.

To: donald sew who wrote (1498)	12/12/1998 7:49:00 PM
From: Investor2	Read Replies (1) \| Respond to of 99985

Re: "...... what i feel is that we are in a rolling correction... djia -> spx -> naz.<<<< So, can we conclude that once the NAZ gives way - the market may go down in unison and harder?" I like the idea of the rolling correction, but I think that the NAZ gave away first, with the major declines up through October. We are now way past the NAZ correction, since it is essentially at all time highs. I do see the current weakness in the DJIA, primarily due to the presence of cyclicals in the Dow reacting to the slowing economy. Best wishes, I2