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 -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (21862)8/3/1999 8:45:00 AM
From: James F. Hopkins  Read Replies (2) | Respond to of 99985
 
Dennis; The Dollar bounced up over night, so we will rally strong
this morning if on nothing else short covering by the parlay traders,
they will want to take profits on their shorts before the dollar gets
even stronger. This has already run the futures up rather strong
this morning. This sort of knee jerk rally may not last but it could
if it sucks in real buyers.

More often than not a bottom is put in when the stocks rally
before the dollar as that signals longer term buyers.
None of that is written in stone, but we will bounce this
morning.
Jim




To: dennis michael patterson who wrote (21862)8/3/1999 8:49:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Dennis, what's Carpino's view of the more immediate future, say, the rest of this week?

regards,

hb



To: dennis michael patterson who wrote (21862)8/3/1999 11:59:00 AM
From: j.o.  Read Replies (1) | Respond to of 99985
 
The price action late in the day was crushing. It was evident that a lot of short-term players got burned trying to call the bottom here.

That might lead to the conclusion that the big boys are trying to push it lower here and make the final, conclusive break with the long-term trendline. They still haven't won...but they're trying again today. After yesterday, they probably have momentum on their side.

j.o.


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