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: Arik T.G. who wrote (5614)	2/7/1999 10:16:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

Arik, Thanks for your read. It was often mentioned last week how the money was rotating into the cyclicals and other areas. I checked my short-term technicals on some individual issues like AA,IP,GP,MMM,CAT, etc and noticed that they are in or approaching CLASS SELL territory for MON/TUE. So if my short-term technicals are correct, those cyclicals which ran upwards last week may be topping out right about now, not giving the DOW much support to move up immediately unless the money moves to another sector. Therefore, such supports the possibility of further decline over the next few days, which also supports the break of the BEAR FLAG, I mentioned earlier and your read. Seeya

To: Arik T.G. who wrote (5614)	2/7/1999 11:13:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Arik, that was my read also, that the move up in the nasdaq at the end of the day was a countertrend 4, it could continue into Monday morning. Some angles to think about. The angles of trendlines on the nasdaq run-ups of October 97, April 98, July 98 became increasingly vertical through each phase. The angle of the run-up from October 98 is only a few degrees off the angle of the July blow-off, and look at the length of the run -g- While AOL made a new high when the nasdaq did recently others (yhoo, cmgi, amzn) in this market leading sector did not. During every other peak these guys have peaked early and come back to make a double top when the rest of the market peaked. Titanic, Hindenberg, Chernobyl, P&F BP, Killer Coppock Wave, Double Superbowl Sell Signal -g- Right now I believe the high in April will be a lower high, time will tell. bb