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: Cynic 2005 who wrote (2197)	12/17/1998 1:31:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

A link to the PHLX--The Street.com Options page..Info on this index phlx.com I don't recommend trading it as the premiums are super high but it is a useful indicator of market direction lately John

To: Cynic 2005 who wrote (2197)	12/17/1998 1:39:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

John, YHOO and AOL are ready to explode to rival the gains seen by AMZN the past couple of days. I believe when you look at the way things are building up, we will see the NASDAQ breakout strongly advancing to new highs, ultimately, carrying the DOW. Based on seasonal factors the breadth should expand with the Russell lifting small stocks to new highs. I follow roughly 100 small cap companies and its amazing how many insiders have stepped up and purchased shares recently, besides having chart patterns that have been basing for some time. We are definately in nose bleed territory here but when you look at how heavily weighted the indexes are with just a handful of companies, this market move would be completely justified with a broadening of the breadth numbers. Thats why I'm paying close attention to the RUT here. Just some thoughts. StockOperator