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: Challo Jeregy who wrote (3512)	1/9/1999 2:19:00 AM
From: genaro	Read Replies (3) \| Respond to of 99985

as Princess Challo pointed out, I may have been a little remiss in not pointing out, P & F wise we have turned up field from mid field. P & F er's often use the football analogy to describe the current state of affairs. It is an X's and O's thing. In October we turned up field, went on offense, at about the 9 yard line, and had a great field to work in. After Thanksgiving we went back on defense around the 50 yard line after losing ground from the 58, and went into bull correction mode in P & F. When the ball, the NYSEBP%, did its required 3 box reversal to 56% recently, we went back on offense. However, as historically happens, this advance typically reverses between the 70 and 80 yard line. Therefore, we have the ball, can score with any strong equities , paying particular attention to their relative strength and price objectives derived from the column counts, but are aware that the field is getting shorter. By watching the coach, the NYSEBP%, we know what to do when things are going right, and what to do when they don't. Something Minnesota has exhibited very well this year. GO Minnesota! Now again I would be remiss, if I did not mention, P & F wise, this second correction often , not always, turns from the current bull confirmed, to bear alert and on to bear confirmed status. Real good analogy is the brillant performance by Burt Lancaster, when he portrayed the legendary Knut Rockne. ( I pray to God for forgivness if I have forgotten how to spell his name.)As the story goes, he rose to fame and glory against every obsticle, was robbed of his gold medal, carried on, and eventually was pulled down. It wasn't until he was sunk to the very bottom that he was able to recapture that inner something that gave purpose. Never forget that story. okay, back to the game... genaro