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: dennis michael patterson who wrote (3135)	12/30/1998 11:05:00 PM
From: Daflye	Respond to of 99985

nice move, but I have to admit, I did like reading the info you paid for, plus or minus 2 days. heh heh heh D

To: dennis michael patterson who wrote (3135)	12/30/1998 11:06:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 99985

Thank you for all of the updates. FWIW: thank you for being so bullish a couple of weeks ago. In and out of a high tech fund for the most profitable seven trading days of the year. Put in my sell order on Monday and got yesterdays closing price. Gersh

To: dennis michael patterson who wrote (3135)	12/31/1998 1:29:00 AM
From: Richard J. Byrd	Read Replies (1) \| Respond to of 99985

dennis: <Jerry Favors Analysis-- I cancelled.> I enjoyed reading his "analysis," but it was really total BS. He was so certain of the market reversal within two days of 12/22, but it never happened and so he just weasled around his failure as though the way the market went was just like he had said it would. I wouldn't pay two cents for his opinions. There are much more cogent ones right here on this thread! Happy New Year all. Dick

To: dennis michael patterson who wrote (3135)	12/31/1998 2:56:00 AM
From: Lee Lichterman III	Respond to of 99985

Will miss Favors but I have to agree with others that he was too wishy washy and liked to cover up his mistakes while gloating about his good calls. Looking at my new charts and Chris broght up a good point about the 2 year line resistance. I shot some forks across the Indexes and IF we do turn here which all but the DOW have a good shot at doing since the NASDAQ, SPX and OEX are all at high fork tong resistance, I have first support lines based on forks and ignoring regular horizontal supports of ... 1200 SPX with next one around 1150; NASDAQ 2025; OEX 600. The thing that bothers me is how the DOW is at a double top here and I would hate to see that occur without at least penetrating it a little. Maybe we could just take a rest, who knows. Anyway, every sector and stock is showing over bought or close enough to call it so. I only saw 2 sectors that based on TA could rally but their FA is real bad so I wouldn't count on them to keep this bull running short term. Good Luck, Lee