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: Monty Lenard who wrote (10185)	4/7/1999 8:55:00 PM
From: Terry Whitman	Read Replies (4) \| Respond to of 99985

While the herd cheers on the advance of all 47 stocks that are still rising- The technicians best friend, the A/D line is threatening a new Two Year LOW. decisionpoint.com And oh yeah- another Dow Theory Non-confirmation today with new high in the DJI. Just my two cents, TW

To: Monty Lenard who wrote (10185)	4/7/1999 9:51:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Monty, the one thing i felt was missing for this top was the emotional exhuberance seen in the faces and voices of many traders and analysts, that I saw near the July peak. I remember seeing a trader screaming "it's the summer rally" in an interview on July 17th -g-. I saw some of that exhuberance today on an NBR interview, though no screaming yet -g-. I think that the Dow 10,000 ceiling must have gotten enough bearishness in this market to create a support area. Now that that's broken convingingly, if there enough there isn't enough liquidity to drive it higher they'll sell the loosers and put in in the winners and let em ride. creating an even greater disparity in the technicals. bb