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: Jon K. who wrote (1969)	12/15/1998 8:32:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 99985

Market magnets 12.16.98 techstocks.com Jon covered AWRE today on gap buy trigger. Will be looking to reenter short soon. ht david

To: Jon K. who wrote (1969)	12/15/1998 8:55:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Hi Jon .. At this time I see tomorrow up .. S&P futures say up at the open and currency futures say follow through for the balance of the day. I'll reconfirm that for you in the AM. Thursday .. I suspect that the head counters have it pegged that Clinton impeachment vote will go in his favor .. if he wins the rest of the week will be rally time .. if it doesn't then this market will tank bad. Friday .. I would expect a slight reversal of Thursdays action .. whichever way that will be. As an option expiration day the final day has always seemed to me to confine the damage to the market makers and cause the most pain for option buyers. This is done by keeping things as flat as possible. In this case that will be to reverse (partially) Thursdays direction. The main movement day will be Thursday as a result of the impeachment vote. At least that's the way it seems to me. Regarding your TICK questions .. Each sale of stock contributes to the cumulative tick. The size of the sale does not matter for tick. Because of this you could have one hundred sales of the stock where each sale was for only 1 share each and then 1 sale of 10,000 shares. If each on the single share sales was a downtick and the 10,000 share sale was an uptick there would be a sizable negative cumulative TICK reading even though the 10,000 share transaction would have a much greater impact. Gersh

To: Jon K. who wrote (1969)	12/15/1998 9:53:00 PM
From: stockycd	Read Replies (3) \| Respond to of 99985

Jon K., I had the same observation regarding the TICK. Seemed like each time it popped over 0, it went negative again. It went from under 200 to 414 in the last 10 mins of trading. As I have said before, I think we will see lower prices. The DOW and some of the other indices have room to run. I put a cap on the DOW at 8883-8933 intraday. Any move above that will signal higher prices. As for the McClellan Oscillator, who knows. Look back at the period around 7/25/98. It spiked up only to fall a few days later. I'm staying negative on the market until the DOW rises above the short-term downtrend line LG mentioned in a previous post (connect the highs of 11/30, 12/8, 12/9, 12/10. At that point I'll turn cautious. My opinions only... Chris