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 : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J.T. who wrote (5598)12/14/2000 2:11:36 PM
From: Kapusta Kid  Read Replies (2) of 19219
 
The Big Capitulation is still out there.

If you go by the posts on SI, whatever fear and terror existed around Thanksgiving seems to be gone, or at least diminishing. I look at the CBOE Equity Put/Call ratio and options traders are rather bullish (confirming what JT's Rydex numbers are saying). The Tick is telling me the market (at least NYSE) is oversold, but the Arms Index is neutral (both 5day and 13day). I don't know what to make of the $VIX. Meanwhile, you've got the seasonal Santa Claus forces being weakened by tax selling and portfolio window dressing. Mutual Fund cash? It's supposed to be at high levels, but is that money to be sent in or are there more redemptions coming? Then there's the FED and Uncle Al, who'd like to cut but might be trying to look at future fiscal policy and be weighing the effects of a possible Bush tax cut.

All the averages (except BKX and NYFI -- I haven't checked the Value Line in a while) are under their 50 day Maves (which is very important to me -- the most basic technical thing I look at before committing to the Long side), so the intermediate trend is still down. The last decline was pretty good to me, so I think I'll play solitaire until at least January. Things won't stay mixed for very long and then there'll be easy money to be made again. Long or short? I don't know. But I hate risk and right now I'm afraid to hold any position overnight. I see risk in both directions. So I'll just watch you guys and learn.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News