SI
SI
discoversearch

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 (13593)5/11/1999 8:07:00 PM
From: Daniel Joo  Respond to of 99985
 
L3, I agree - up on average volume - 957 million shares (NASDAQ) and 841 million shares (DOW). Overall, market climbing on lower volume and lower on higher volume. It appears to me that institutions are selling under our noses - head fake. If we continue up, I will add to my short/put positions. IMO, still see lower highs and lower lows.

Dan



To: Lee Lichterman III who wrote (13593)5/11/1999 8:36:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
TRIN-5 for Nasdaq at .72 is also in the overbought range of below .8.



To: Lee Lichterman III who wrote (13593)5/11/1999 8:47:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Lee, we had a failed H&S on 3/24 here

bigcharts.com

now we have a poke thru resistance on an inverted H&S, if we can hold this break we should go higher.

Disclaimer: my keeper just let me out of the cage -g-