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 (5290)11/22/2000 10:31:58 AM
From: David Lee Smith  Read Replies (2) of 19219
 
J.T. your posts are the best. Congrats on the gold, who besides you would go that route? I disagree about covering on Wednesday or Friday. My experience shows that usually before a major holiday, the market rallies as most professional investors take holiday leaving the floor traders ruling the day. As we know, the market is thin and the floor traders can only bid up the market when that happens. On Monday when most investors come back from vacation and see the damage done to their portfolios, we may see some panic set in. In fact, look at post holiday market movements for the last ten years and you will find that a Monday after a major holiday has about a 90% chance of being down and many times the move is big. Of course, this is an election driven market and the results of the election (hand count) will be known on Monday. A Bush win would have a positive effect; a Gore win would really be bad for the market the Monday after a major holiday. I will update my MomentuMonkey Indicator over the holiday (probably before Monday). My best guess is that the SELL indicator is still intact. Assuming there is a 90% chance the market will be down next Monday, is the market predicting a win for Al Gore???
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