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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (1118)	10/28/1999 3:36:00 PM
From: J.T.	Respond to of 19219

Marginmike, You may be right, but right now we are in tremendously overbought territory. Look at this TRIN-- a whopping TRIN .37. This is a screaming contrary barometer that we are going to turn back down. We may rally out of the box tomorrow because everyone will buy MSFT and INTC before they head to the DOW on Monday. But I think the rally will fizzle in the afternoon and we may finish near session lows and give up nice early morning gains-- if the do materialize out of the box.Simply too much complacency and bullishness for this one day sharp run up. Best Regards, J.T.