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: Hawaii60 who wrote (5396)	12/1/2000 7:49:39 AM
From: David Lee Smith	Read Replies (1) \| Respond to of 19219

That's why I always re-run my model the next day before initiating a position. I've done some sensitivity to the idea that we may see some reversal of money flows to test the assumption of short covering, but frankly, I think shorts have to be crazy to be in a market where a presidential outcome could come at any time. Frankly, it may also be crazy to be long in this market too. Pay attention to my noon post as the model is seldom wrong except at key turning points. If this is just a stop on the way and the MomentuMonkey model does not improve to NEUTRAL, I will likely take an aggressive bearish position. If not, it is very unlikely to get a buy signal, or even close. With a NEUTRAL, I will remain on the sidelines. Of course I wish you and J.T. luck in your long position.