DAYTRADING Fundamentals 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 : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TraderAlan who wrote (7955)	4/23/2000 12:08:00 PM
From: Herc	Read Replies (1) of 18137

The NASDAQ 10 day moving average ARMS index is still at 1.5, i.e. extremely oversold. The scenario I envision is that whenever the bullish trigger gets pulled, there will be panic buying of tech stocks by the institutions . They will be afraid of being left behind and underperforming. We already saw that a little last week with the large cap techs. Panic buying by institutions is the only way to explain the 60 point one day upmoves of AMZN and CMGI in the past. I think the trigger will get pulled if we have one more big up day on high volume. Also the average of 10 other parameters I follow is at its most bullish levels since last October. How bad could things be if we have a negative yield curve?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next