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 (6145)	2/11/1999 7:48:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

LG, no offense taken and I agree we need to fight the tide of emotion that prematurely shakes you out of a position and use good technical analysis and not just flip your lid every time the market goes in the opposite direction you think it should. Thats why I backed up my post with RSI oversold going thru 50 and oversold McCllelan Oscillator for over a month now to back up my theory. As you know, I use a lot of visual in my analysis (waves and patterns) and the patterns in the NYSE looks like and [A]ABC correction into the 1/13, and [B&C] two ABCDE corrections decisionpoint.com Also notice how tightly wrapped the trading range was in the Oscillator (along the the pattern in the DOW) However the strike out of the pattern was not strong enough for us to take out supports on the DOW and now we have had a mega reversal day. Oscillator must break -50 to confirm tomorrow, then I'm flipping my lid - time to get thermonuclear on the upside. This would be very short term. Here was my post from the 9th: Message 7744690