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 : Zeev's Turnips -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (11)	10/26/2000 8:30:16 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 644

Actually, we could see a knee jerk rally and then selling into the rally. Until we see capitulation, and I believe it has to be of greater proportion than the capitulation we saw earlier this month (namely more negative tic higher trin, followed by a strong reversal), I don't see we will see a bottom. Maybe setting new yearly lows or even going under the October 99 lows will get us there. Many elements are falling in place, like the P/C ratio for instance, but there are still not enough fear. The VIX for instance, retreated too fast to the mid 20', yesterday' tic did not even reach -900, and when the tic recovered the TRIN actually deteriorated, telling you that despite a small bounce in the averages near the close more money was busy selling than buying. Zeev