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 : Stock Attack II - A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JRI who wrote (2180)3/7/2001 2:48:59 PM
From: StockOperator  Read Replies (3) of 52237
 
JRI, I have my own ideas regarding what might be playing out here. The mantra of the market has been to buy them when they stop going down on bad news. That is what people have been told and I'm sure the action of the past couple of days has given the sense that a bottom is here. Remember people are generally greedy. Everyone wants to get in as early as possible before the next big run-up. On the other hand my mantra for the past six weeks has been that the majority of tech stocks are not in a position to move prior to the end of the 1st qtr (I know you're probably sick of hearing it<gg>). Therefore, prices are limited in regards to how far they can run. If you at least accept that opinion for just a second you realize that the only way the market can suck in as many people as possible is to offer us a pre-open "climate" conducive to getting people to buy stock. What better way to do it when the upside is limited. If you noticed much of the upside has been rotational at best. Plus if you examine the last two days worth of trading, besides the obvious lack of volume, prices have been opening and closing on the weak side. For example the COMPX could close almost anywhere in the green today without taking out the highs and today's trading could open the door for trend reversal.

At this stage I am watching for that churning in prices that I mentioned yesterday. If this market starts to roll over I believe all the recent bad news will have to be redigested.
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