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: the Chief who wrote (50177)	5/10/2000 3:21:00 PM
From: Crimson Ghost	Respond to of 99985

Naz"never touching 3400 again." We shall see. I expect to see the NAZ well below 3000 but probably not on this move.

To: the Chief who wrote (50177)	5/10/2000 3:32:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

we'll see. i am not so certain as to what is going to happen. anyway, i'm not sitting on the sidelines either. i have quite a few sizeable position trades put on, both long and short. there are sectors of the market i like, and others i currently avoid. btw, i am not so sure that the low volume is necessarily a bullish sign. i'd be far more confident to go long the NAZ if i saw a high volume wash-out. while volume was not bad on April 4 and April 14, it was not what is imo required for a true panic bottom. all the sentiment measures i watch are still betraying complacency (yesterday's Rydex ratio at 0,16 and the CBOE total p/c ratio at 0,50). is complacency really warranted in the face of more rate hikes to come? regards, hb