Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (21286)	7/28/1999 1:00:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

LG, from what i could see so far today, the buying in the nutz was almost entirely driven by retail accounts. the institutions don't seem to be around to play. since most of them are at or near important supports, this one-step-forward-two-steps-back behavior makes me very uneasy. if they don't put together a string of consecutive advances i fear all hell might break loose in the sector. the one saving grace right now is the fact that sentiment on the group is very negative and short positions on some of the stocks have increased markedly. so maybe a short covering rally is coming soon - we'll see. regards, hb