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 : Classic TA Workplace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Perspective who wrote (80599)9/5/2003 1:38:31 AM
From: AllansAlias  Read Replies (1) of 209892
 
Tomorrow would be the 8th day up in a row for the NASDAQ. When do you suppose that last happened? -g/ng

Tomorrow the headline might read "Market Closes At 15 Month High". It'll be something sexy.

The piece that we need before bears will take control again is public imagination. Imo, we won't turn until the public is engaged. We're not that close.

In the meantime, I remain long. I thought for sure early this week we'd dip to setup this move. I was wrong. I had long positions, but we took a wiggle short in QQQ and got schooled again on trending

It goes without saying that nothing happened this week to dissuade me from maintaining a long bias and positions. Last week, the banks held firm, as did the brokers. The brokers this week are working on the nicest close since Feb of 2001. The banks are looking more like a coil than a crash.

We have further to go. We have had no sign yet that we are turning down. We'll know when it comes. We could let the first sickening blow go by and not miss a thing -- we'll know it has turned and then we can look for shorts. But we're not there yet.

Think back 3 or 4 weeks to all the talk about derivative meltdown and systematic risk. It was deafening. When this starts to fall, we'll all wonder WTF we were thinking with AMZN over $40, but we are not there yet and won't be for a while yet I think.

Nope. This won't turn until the public begins to believe again. Perfect.
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