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 : Bonds, Currencies, Commodities and Index Futures

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chip McVickar who wrote (1472)3/12/2001 2:14:23 PM
From: robert b furman  Read Replies (1) of 12411
 
Hi Chip,

Looks like Barron's article supporting value of semi equip stocks had a 1/2 day effect.

Sox was actually up most of the morning(+15 -20 points).

Looks like overall negative market will overpower its move - now frittering to = 3 pts.

This could provide a slippery slide for the afternoon that could go out on big down momentum.

Most likely lead to a terrible open and then maybe a bottom.

I've got to study tonight but someone on your thread thought they remembered stocks being down 5 points and closing up 5 points.Tha t hit me with a Deja Vu.

That price action as you point out is accelerating.When it reaches max furry the capitulation bottom will occur. I think it takes 1-2 more oif those "I can't believe Csco is below 20 OH NO I can't beilieve Csco is below 15 AND THEN when it swings to 11 and closes at 16 THAT'S THE SET UP!!

VIX is 34 ish
VXN is 63 ish
QQV.X is 76 ish

Fast and Furious is just beginning no Climax Yet.

Sox = + 5.0(599) maybe holding 600. gulp
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext