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 : Systems, Strategies and Resources for Trading Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GROUND ZERO™ who wrote (14658)2/3/1999 9:09:00 PM
From: SE  Read Replies (2) of 44573
 
I think the obvious statement is we have to break 1290 to get anywhere.....now the question is do we break 1290 solidly and that is the start of a run, like the break of 1200 was....or do we break it, spike it and then it tanks? The internals suggest the latter.

I find it amazing that with the internals we have had the market refuses to go down. That in itself speaks volumes about the potential upside. Kinda like when we had all the bad news about Clinton and Brazil in the 1170 level and the market refused to tank. It was a clear sign the direction was going to be up.

However, many write about distribution and the big money chasing the big caps to hide the fact that this market is sick. If there is truth in that, as soon as the big money decides they have had enough, they stop buying and this market tanks in a big way.

Which is it? In hindsight I will claim I knew all along, but for now I just don't know.
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