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: NickSE who wrote (12079)	4/26/1999 8:30:00 PM
From: stockycd	Respond to of 99985

Thanks!!

To: NickSE who wrote (12079)	4/26/1999 10:23:00 PM
From: Les H	Respond to of 99985

BOTTOM LINE ON THE MARKET. April 26, 1999 Ord Oracle. On the sidelines for the moment. For Monitoring Purposes; We sold SPX close 4/26/99 at 1360.03 and are now flat. Long XAU 4/22/99 at 68.41. WHAT TO EXPECT NOW. The June S&P's is near the previous high set on April 12 at the 1372.50. April 12 volume on the NYSE was 792 million shares. Friday's test of the April 12 high occurred on volume of 741 million shares. Usually a test of a previous high on lighter volume is a short-term bearish sign. The bearish sign could either mean the start of a consolidation pattern or a top reversal. The ARMS Index closed Friday at 1.38. Usually closing ARMS Index readings over 1.30 predict a short-term bottom in the market. Therefore there are some short-term contradiction in the market. These short-term contractions usually mean a consolidation pattern is about to start rather than a reversal. In candlestick chart on the June S&P's a bearish "Rickshaw man" was drawn on Friday. The bigger pattern the June S&P's may be drawing could be called a "Three Drives to a Top" and the June S&P's is on the third and final drive know. The " Three Drives to a Top" pattern has three tops with each top higher than the previous top. On the pullbacks after top one and top two should be over 61.8% and preferably greater. These pull backs are key to the "Three Drives to a Top" pattern as pullbacks less than 61.8% produce unreliable results. This current pattern has produced pullbacks greater that 61.8%. We counted thirteen days from were the pattern began to the first top and counted thirteen days from the first low to the second top. If this pattern remains symmetric that thirteen days from the second low (April 19) should produce a top on May 6 higher than the previous top. No clear signal yet. May 1 & 2 the Tiger Trading Academy is sponsoring Tim Ord's market timing workshop to be held in Boston. Learn the market timing techniques that earned the Ord Oracle 495% for 1998. Cost is $1488. Subscribers will receive 10% discount. Seating is limited. Call (888) 890-1860 for reservations. We have "800" and "900" number for intraday updates. The "900" is 1-900-933-6733 $2.25 a min.; 1-4 min. in length; age 18 and older. The "800" is the same message but cost $2.00 a min. and billed to a credit card. Call for sign up. We up-date every market hour on the 1/2 hour. Question? call (402) 486-0362.