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: StockOperator who wrote (10843)	4/13/1999 2:24:00 PM
From: donald sew	Respond to of 99985

Stock, Actually, I feel stupid for that mis-type, but it wasnt the first time i have done stupid things. gggggggg seeya

To: StockOperator who wrote (10843)	4/13/1999 2:26:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

StockOperator: I posted earlier this AM to both Les and Donald, why I was holding back embracing a new bull leg up for now. Noting important resistance areas still intact in the charts for the RUT, UTIL and TRAN. All three of which led the downturn last July and have yet to rise above the stated resistance area, to date. Also, I noted early last week, a support line, which I felt, would support the TYX.X. It was penetrated, but has actually managed to become a platform for the TYX.X to mount a rise, for now. So, as I fully expected the DJI to rally into April and have been on record to that expectation since January. I also thought that Dow 10K could have been a catalyst to a pull back as well, thus I moved to cash, just below that level. I have yet to capitulated to your read that a new bull leg up has begun, at least not yet....<g> Now I have stated what is holding me back from embracing this rally as a new bull leg up, so far! What would change your mind and cause you to withdraw your read of this rally in the DJI/NYA and NDX/COMPX being the beginning of a new bull leg up, other than seeing it fall apart in front of you? Regards, LG