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: yard_man who wrote (5764)	2/8/1999 6:42:00 PM
From: donald sew	Read Replies (5) \| Respond to of 99985

INDEX UPDATE ================================ My short-term technicals for the overall market rose today and are no longer in the oversold region, but are in the lower mid-range near the oversold region. This implies that if we do head down, there is now more downside than previously mentioned, and the timing for extreme oversold(CLASS BUY SIGNAL) has now been extended to 2-3 days from today. Of course the market could head up more. As I have always stated, when my short-term technicals are in the mid-range its a flip of the coin. We still that that little nasty BEAR FLAG which could dissolve tomorrow to the downside. Its quite obvious that we are zig-zagging in the DOW, which has been the case for 17 trading days, however this bear flag is implying that this zig-zagging could end tomorrow or Wed to the downside. This bear flag can be clearly seen on Monty's website of charts. I still feel that there will be a bounce, but feel that with this bear flag it will head down some more first before the rebound. From a subjective point of view, I would not want to discount the effect that RALPH ACUMPORA, and the other analysts may have to add negativity to the market. The media is giving the impression that the market shook off their announcements today, so theres nothing to worry about. I get the feeling that many of the average investors are getting the info tonight - lets see what the reaction is tomorrow, before completely agreeing that the market shook off their negative announcement - maybe they did, but I will wait till tomorrow to make that call. Seeya

To: yard_man who wrote (5764)	2/8/1999 7:07:00 PM
From: Impristine	Respond to of 99985

Man, not another gap, i can't live with another gap, i fell in the gap, maybe the margin man, won't find me here....

To: yard_man who wrote (5764)	2/8/1999 7:14:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

This in a non think "hedge", thinking can mess it up. Just book mark the post and look at it 6 mos from now. You can go to sleep on it & don't even have to watch or try to improve it, & that's the point. ---------- Any one but a complete idiot can improve it with a tad of timing, BUT any one who is too smart will also mess it up. The short MDY long SPY hedge , ( legging in and out only on BIG moves ) is so simple that high IQ people have a hard time trying to understand it, and for the most part they just skip over it, as they need something more complicated ( so they can lose money) in order to be happy. Jim