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: donald sew who wrote (11219)	4/16/1999 11:09:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Don, I concur the disparity in the indexes is throwing a lot of my normal signals out. I just went flat again after eating a loss. I don't like the testing of the NASDAQ supports and the high TRIN with a high positive TICK. If the TICK drops, it could get real ugly real fast. I probably should have held instead of second guessing the market but with the quote problems at Waterhouse on options lately and inability to get through in a timely manner on the phone, I decided to play it safe. If the TRIN drops here we could move up strong but my mid-term indicators are showing this may not be done yet although the short term ones due show a couple day bounce possible at any time. I have conflicting signals on my TRIN chart and AD chart. Looks like declines could reverse back up and advances could start to drop again despite the TRIN chart showing a reversal due soon. Time for wait and see again IMO. Pattern seems to be sell the news with SUNW dropping after beating the numbers. Good Luck, Lee

To: donald sew who wrote (11219)	4/16/1999 11:11:00 AM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Don, Looking at the chart on the DOW I believe today we could very well see another move to the upside. A possible breakout of the short term trading range of the last two two days. However, I do not believe the other indexes will move substantially simply because their charts are not positioned to do so. Besides of course the transports which are already in positive territory. The trannies hit 1321 today breaking the old high of 1319 set the other day. Seeing weakness in the avgs this morning is not surprising. The end of the day normally tells the story. Time will tell. SO

To: donald sew who wrote (11219)	4/16/1999 11:51:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Don: As usual, an excellent analysis... : > Given the way the major indexes are weighted based on capitalization, a small number of larger stocks in retreat can give an impression of a Dow and S&P dip... It might be advisable to steer clear of the index funds and vehicles that were previously dominated by the Nifty Fifty types, and shift attention to mid caps and small caps... As they gain in strength, the major indexes will be moved by the many rather than the few... The unemotional numbers tell me that more stocks are rising than falling... finance.yahoo.com That's a good thing... : > Jim