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: Lee Lichterman III who wrote (7463)	3/4/1999 12:54:00 AM
From: Chris	Respond to of 99985

notice the weekly macd's are all at sells.. tells me that INTERmediate trend has turned down. and that is when DRASTIC declines occur.. when weekly is bearish.

To: Lee Lichterman III who wrote (7463)	3/4/1999 5:31:00 AM
From: nicewatch	Respond to of 99985

Hi Lee, Your faster stochastic settings seem to imply we are in for a two week rally starting any day now. The Stochastic RSI (STORSI) is not a predictive indicator, but rather a coincident one, imo. It's tough to say how long a move will last based on its wiggles and undulations. <G> It can often do some erratic things (especially the short term one) like stay in extreme zones for prolonged periods of time. The bean chart shows a good example of this. Moreover, the shorter term STORSI's (like 8,5,3) can go from one extreme level to another in as little as a few days... so I only really look at them, one day at a time. The P&F stuff still looks like it's on a sell to me... but I am a novice when it comes to P&F, so perhaps the question could be better answered by one of the others here. Talk to you later, take care Regards, Frank

To: Lee Lichterman III who wrote (7463)	3/4/1999 10:11:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Lee, we are heading higher. IBM had a real nice H&S pattern which was on support yesterday, the bears didn't have enough ammo to take it down (ditto for the nasdaq) Now IBM up big,failed H&S patterns are bullish. People got very bearish at the point of breakdown, breakdown failed, enough bearishness to set a bottom. Interestingly the top ten timers were 100% bullish on January 8th, now 50% bullish. bb