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: James Strauss who wrote (51458)	5/21/2000 10:14:00 AM
From: John Ritter	Read Replies (1) \| Respond to of 99985

Whatever happened to predictions of 6000 by summers end? Amazing reversal, no volume....all money gone to sleepy?

To: James Strauss who wrote (51458)	5/21/2000 10:32:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Morning Jim just looked at all the indexs i follow on P&F... i can say i had the best week last week selling short i've ever had...it was truly amazing... what with the expected rally into the FOMC 2-3 days before, and the Carpino cycle lows coming in on the 19th, and option exp week...i sold short the day of the FOMC late that afternoon...man that was good<g>.. now, enough of my bearski accomplishments... THE OEX-SPX-SPM0-NDX-COMPX-INDU..everyone of these charts suggest to me a serious potential selloff, IF we don't rally this week and break this trend... i think based on what i'm seeing...we might rally 1-2 days, and then turn lower, and break triple bottoms on almost every chart.. what i did, was to move back to larger size box's to smooth this possibilty...i went to 100 point box sizes... since almost every index is moving 100-200 points each day... Jim..batten down the hatches...if we break these critical supports???? the down side imo, will BE below the Apr lows...the possibility does exist.. here are critcal supports on some of the most watched indexs.. COMPX/NAZ-3300/3200 BREAK THIS?? FREEFALL TO 2700 DOWN SIDE TARGET.. NDX--3200/3100 BREAK THIS?? FREEFALL TO 2100 DOWN SIDE TARGET.. OEX--730/720 BREAK THIS?? FREEFALL TO DOWN SIDE TARGET 640... INDU-DOW--10,300/10,200 BREAK THIS?? FREEFALL TO 9700/9800 DOWN SIDE TARGET... sorry for the caps<G>... regards OJ....short seller du jour...