Technical analysis for shorts & longs Message Board

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 : Technical analysis for shorts & longs

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Clint E. who wrote (26051)	4/10/2000 10:46:00 PM
From: xcr600	Read Replies (1) of 67830

Great post Clint, as I feel your frustration. I stopped out of some companies today I really like longterm- ADAP, DIGL, JDSU, RFMD and I'm sure my stops for QLGC, LDP, CNXT, etc.. will be hit tomorrow. There is no conviction in the markets anymore. I would like to attribute today's selling to CNBC. All morning long CNBC (especially Tom Costello) was yammering about reducing tech exposure, how we have to retest last weeks lows, etc.. etc.. Hell the naz was green and looking ok when Costello started his rant (he must be loaded with Puts). But after enough negativity (several hours) and the low volume the sellers eventually won over. Then it just seems to snowball as CNBC keeps going on and on, no institutional buying, and the retail trader panics as he sees his neighbor is panicing (everyone's mind is still on last weeks selloff). It's ridiculous. I can't believe that I need to factor CNBC my buy/sells. Guess this is the new age markets. Good luck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next