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: TimbaBear who wrote (14140)	5/17/1999 12:02:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

TimbaBear: I would just like to see it tempered a bit more with objectivity and humility. I always find these comments irritating. Maybe folks are just telling it as they see, is that not allowed? To level out the commentary, why don't you point out some Technical Analysis or Fundamental Analysis with the kind of objectivity and humility you are talking about. I assume that analysis would have to have a upward bias to qualify…right? Sell me...<g> Oh, by the way....I have always presented my MDA objectively as I see it...sometimes up and sometimes down!!! I don't know about the humility part....though! Regards, LG

To: TimbaBear who wrote (14140)	5/17/1999 5:33:00 AM
From: donald sew	Respond to of 99985

TimbaBear, >>>>> ....I am amazed at the raw number of doom-sayers there are here and how many negative opinions can be extropolated from one unusual days trading....It seems as though some are trying to use TA to support preconceived biases rather than as a trend tool..... I would just like to see it tempered a bit more with objectivity and humility. <<<<< You have a valid point, but keep in mind that goes for both sides. This thread is more bearish than bullish, but I have seen other bullish threads where on a one day movements the bulls are hand waving, and very strong positive comments made. As for making judgement on the market on 1 day movements, I and others on this thread have felt that we have been in a topping process since around the April 8-13. If one looks at it from a averaging perspective of the 3 main indices, the DOW is up, the SPX is flat, and the NAZ is down. The SPX made 2 small spikes to new highs but within a short period sold off. The NAZ has been the weakest of the 3, and the DOW ran up on the back of cyclicals. Money has just been rotating but the market, in over a month has really gone nowhere either up or down (some indices up, some down, some flat). As for bearishness, there are not that many calling for the BK soon, down the road yes but not now. My position is that I really dont see a big selloff right, just a correction of 5-10% or a trading range with multiple 4-7% swings. I am also expecting that interest rates will meet strong resistance at the 6.00-6.20% range, and there will be a technical pullback in the rates which should fuel another surge in the market to the upside which could be to new highs(after the correction/trading range). Its interesting to note the you are sensing a lack of objectivity when there are only about 10-15 on this thread who have really expressed bearishness. There are alot more bulls out there than bears. When I talk to the average investor, who are mainly in mutual funds, the strong majority are extremely bullish, not a little bullish. And the brokers I know, all of them are telling their clients to buy and buy big. Wonder if someone should tell them to be more objective. So it goes both ways, but right now there are still alot more bulls than bears. seeya