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: HairBall who wrote (3937)	1/14/1999 8:06:00 AM
From: Debra Orlow	Respond to of 99985

LG, MACD/stoch analysis on a few index issues: DJ30 - sell signal occurred Monday nite, I posted it. Message 7231614. Now in middle range, as Don said, could go either way. My signals are shorter-term, so MY move has already taken place. Hi on Tues 9680, low on Wed 9134. 5.6% move. There has not been MACD crossover confirmation as of yet, however, so this was a very interesting move in that I usually get crossover before my 5%. If it does cross, I expect further weakness, OR some consolidation. SPX - sell signal occurred Monday nite, posted it. 4.6% move from hi Tues to low Wed. Approaching oversold conditions on the stoch, there HAS been MACD cross, therefore I expect further weakness, or consolidation. Again, MY move has taken place. NAZ - negated any MACD divergence when it gapped up on 1/6. 'Nuf said. RUT - received my first sell signal on 1/4, second one this Tues. I had mentioned previously about this index and its first signal as being weaker due to the fact that the signal came after a long consolidation trend channel (early Nov to late Dec) as opposed to a shorter term wave pattern. Right now in middle ground. OEX - sell signal posted Mon nite. 4.9% move. Similar to SPX in MACD/stoch. Approaching oversold. MY move has taken place. As Don always says, you try to get as many ripples as you can. We had a slight wave yesterday, and I'll surely take it. Now we stand on the beach and wait for the next one. And, as someone almost once a day says on this thread, today will be a very important one technically. Yesterday's move was a very big one, and now shorter term signals have to take a mini-break to play catch up due to yesterday's skewing. Covered most, kept a little, bought a little. If I see great signals on the 5 and 60-minute charts, I will short again. MY OPINION ONLY, Debra