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 : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gersh Avery who wrote (10533)4/11/1999 1:21:00 AM
From: Lee Lichterman III  Read Replies (2) of 99985
 
So you are the one that has been getting me all befuddled!!! <ggg>

Well one thing I do know is Don is right about this market being totally out of touch. CPQ has warned for a second time and after reading thousands of SI posts which we have pointed out many times tend to be smarter than the average J6P and more on the bearish side (at least the strings I read), all I see is people trying to figure out the buy in points on Monday's expected drop. No one is selling, they are only looking to buy. The put ratio may be bullish as of Friday but the sentiment around SI is we are going higher and damn the torpedoes, the Titanic can not sink. Even the Kahuna thread is totally bullish except for Vitas.

I have to admit that my charts don't show a large drop either but do markets ever advertise on prime time?

Anyone care to comment on what affect the dollar dropping will have if my sell signal proves to be valid? Is there a way to play it to make us money other than foreign currency trading which I don't do.

One other possibility I didn't comment on in my last post on where the money could go. Since the RUT popped over resistance Friday, could the PC related cash head there since there are many value plays there and the market is seen as safe right now. After all, the market only goes up. <ng>

Good Luck,

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext