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 : MDA - Market Direction Analysis
SPY 680.28-0.5%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug who wrote (74261)4/5/2001 4:11:45 PM
From: Rob S.  Read Replies (1) of 99985
 
We are 2 minutes to the close so I guess I can predict we will close strong: see how great a fortune teller I am? ; ^) . . . this market has been difficult to judge; many technical indicators have signaled false bottoms and extreme oversold conditions and then the market just continued down. It's also difficult from what has been expected as far as a "market capitulation". It may very well be that we do not see a market capitulation because we have seen a "stealth" or hidden capitulation due to the bifurcated nature of the market. Market analysts have been spoiled over the past few years by clear capitulation type market action but you know what they say about the market: if the majority anticipates something the chances are it won't happen . . at least not like it was expected. I'd argue that we have seen a decisive capitulation in the tech stocks and in the opinions of Wall Street ANALysts. For xs sake, most of the idiot analysts were extremely bullish until recently when they all turned equally sour.

I think the market will rally for 3-4 days. Beyond that I won't hazard to say and there is no reason to pin it down at this time. The market is obviously highly volatile so staying glued to your screens and letting the market tell you what it wants to do is the rule. Overall, I think the risk is greater for short selling than going long but each position should be closely watched as stocks can run quickly. I give the NASDAQ a <20% downside risk and a 50%+ upside potential (not a target or probability) over the next 12 months.
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