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: Robert Graham who wrote (3276)	1/5/1999 6:18:00 AM
From: Daflye	Read Replies (1) \| Respond to of 99985

I don't know if the final retail figures are out yet. Last week things looked fairly average. But that's according to CNBC, and the figures didn't include internet sales (I believe), or the final week of December sales. Anybody else sick of the phrase "EURO-phoric" yet??? heh heh heh And an ironic sidenote, the word "internet" comes up in red, when previewing my message, according to SI, its misspelled. D

To: Robert Graham who wrote (3276)	1/5/1999 9:35:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ============================== Per my previous update, the timing has now been changed. My short-term technicals are in the mid-range to lower mid-range with the DOW leading the way down. If the DOW continues down it can become a CLASS BUY in 2-3 days, but keep in mind that it does not have to get that low to reverse back up. I am suspecting that the downside of this current dip will be limited Originally, I mentioned that a SHORT-TERM TOP would occur by the end of this week, but now it appears that a SHORT-TERM BOTTOM will occur then, thereafter an upswing during expiration week. So here is my pojection: 1) negativity/flatness for 2-3 more days into WED/THUR. 2) Upswing to start around FRI/next MON and to last 4-6 days, so most of JAN expiration week should be up. It is possible that the next upswing could be a strong move up, at least test the DOW's highs at 9380 3) Then I am suspecting a mid-term top near the beginning of the following week, say JAN 18-20 when a stronger downswing could possibly start. The NEW HIGHs/LOWs have improved, which is giving me a hint that the next upswing to start end of this week/early next week could be a strong move to the upside. Well, today will be that last day of SANTA's rally on a statistical basis, and it looks like he is not coming. So as the old saying goes " If Santa Claus should fail to call,Bears may come to Broad and Wall". Lets see it if this has any merit. Seeya