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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Les H who wrote (200738)10/29/2002 10:18:18 AM
From: James F. Hopkins  Read Replies (2) of 436258
 
Les; just in case you don't know it, I like your Market Breadth postings and study
them more than I do any other postings on SI.
Message 18167790
I think it's about the best form of TA, however I've not really been
successful in my quest to find some one KEY I can use to bet on.
Yet that's the closest.
As of yesterday it showed a roll over of this crazy run up starting
on 21st or at least the 23rd but there is a catch.
-----------------
The old don't fight the FED thingy
biz.yahoo.com
GreenSpam has been tossing money at the bankers like gang busters
all through Sept. and OCT..it's getting almost as bad as he did
in late 1999 for the 2000 fix..which of course created the top of
our bubble, but also set up the bear market that followed when he
felt he had to take some of the liquidity back.
Then as he was taking liquidity back and it didn't work as fast as
he wanted it to he up rates on top of it.
Now after he has cut rates almost to the bone, he is also
injecting liquidity hand over fist.
If this market does roll over in spite of his effort to hold it up
through the Nov elections and help out his republican friends,
it would signal the fed has lost control of things.
This must be very frustrating for old GreenSpam, but he'll
never show it.
-------------------
Still I can't believe we will see a big pull back as long as
he is jacking up liquidity , I hate trying to fight the FED
he sure can vex my short term TA , but latter on , that's another story,
just about the time we get all the bears convinced we have
hit bottom and they cover he will surprise them again.
I'm still a little short based on the 10 DMA roll over,
but I'm also cautious about it.

Jim
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