Classic TA Workplace 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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NOW who wrote (50421)	8/17/2002 8:13:46 AM
From: AllansAlias	Read Replies (2) of 209892

"If on the other hand, we just meltup to SPX 980, which I think is the bearish scenario in the timeframe I am talking, then I do not think it is sustainable and I see the entire market heading back to new lows" Can you explain this further? WHy exactly should THAt be so? First of all, such a sharp rally is more likely a bear market rally. Imv, a short should distrust the spikes and fear the slow grind. Second, it would make a nice corrective structure. Third, it would target nearly perfectly a quick backtest/overthrow of the H&S that everyone is watching. Fourth, it would cement bullish sentiment far too quickly.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next