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: Terry Whitman who wrote (7022)	2/25/1999 8:55:00 AM
From: donald sew	Read Replies (3) \| Respond to of 99985

INDEX UPDATE ========================================= As mentioned in my last update the 3rd day of a pullback, per my system, is commonly also a strong down day while the 2nd day varies and could be an up day. If we are up today some may immediately say this pullback is over which is common since many still make decision on one day movements. Hey they may be right, and I understand that they will say there is no follow thru, but I think the first key would be to see how the 3rd day trades(tomorrow), not today. Of course if we take out yesterdays highs at 9611, then this pullback is over. On the other hand, the interests rates(TYX) which has recoupled with the market, should come to a short-term top within a few days, and start to come down within its upward trend. In light of such we may see some sort of bounce to the upside, probably early next week. Of course if interest rates reverse down immediately then that bounce could happen earlier. Again I am not convince of a huge sell-off and I have not totally eliminated the possibility that we could have another strong surge to the upside to new highs before the real pullback starts. Last night I was carefully looking for divergences in the various technical indicators supporting a strong runup or a strong dump and there were a few which supported both. So caution should be taken, since the mid-term direction is still unclear. seeya