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: Debra Orlow who wrote (2730)	12/23/1998 11:37:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX UPDATE =================================== Per my previous CLASS 1 SELL - the minimum requirements were satisfied on a intraday basis, with the DOW pulling back about 130 points and the DOW pulling back about 40 points(200 DOW points), and this was done without the DOW closing negative. Please remember that I go after as many ripples as possible. Several weeks ago I mentioned the STAIRSTEP with the top in the 9100-9200 range and right now we are there. Well, I just got another CLASS 2/BORDERLINE CLASS 1 SELL SIGNALs for the overall market again, calling for the BUY-IN at tomorrows highs. What is unique is that I got 2 CLASS SELL signals in the same week, which does not occur often, and when this happens there are 2 possibilities: 1) market is on the verge of a technical breakout to the upside; however the market internals do not support such. On the other hand we have the seasonal effects of a SANTA RALLEY. 2) the other possibility is that we are coming to a significant mid-term top, not just a short-term top since it is now forming a DOUBLE TOP in my analysis(such is not based on price action). I am still holding to my TRADING RANGE/ZIG-ZAG position, as long as 9200 holds. Seeya