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: Box-By-The-Riviera™ who wrote (257375)8/22/2003 6:59:51 PM
From: patron_anejo_por_favor  Read Replies (4) of 436258
 
Don't follow the PrudentBear.com bear chat too often anymore....but when I do go there, I always check out Mannfm11's posts, he's a pretty sharp technician. This was one of his from today:

prudentbear.com

I would have sure traded the early reversal this AM as a top and this is starting to look like a key reversal type day. The Dow made its high on the first 10 minute bar and that is always bearish. Dow and S&P are trading close to yesterdays low and the Nasdaq, though still in the green looks like it could get in that territory too. I don't follow the VIX, but I have felt pretty comfortable about the idea of being short as long as the S&P didn't make a new yearly high, which it has failed to do, despite several attempts. Bears need to be building good short positions here, not trying to shave the top tick anyhow, as this market has appeared topped out for over 2 months now. I think it very important the S&P has not joined the Dow and Nasdaq in making a new high and this appears to be a failure.

FWIW, that's the same road map I've been following since June...try to sell the big spike ups in yer faves...It's been painful in some (KLAC and MTG to name too)....but I think they're all gonna work out fine.<NG>
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