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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (44802)	12/6/2000 10:01:16 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

Breadth actually sucked, given the size of the move yesterday. A long time ago, some technician turned me on to the fact that bull markets are always launched by a couple of days of universal breadth, which I now understand represents the opening of broad-based long positions with simultaneous covering of a huge number of shorts. The up-down volume ratio on such days is usually 10:1, representing much more unanimity than yesterday. And the advance-decline line reflects a much bigger ratio than 2:1. No matter what anyone says, this was not the bottom, and it may not even be the six-month bottom that I've been on guard for. I thought we'd get a retest of Naz 3000, but it may be that we don't even get that. Today the market looked quite sick, and many of the potentially bullish formations now look like failed potentially bullish formations. I feel naked with so few shorts... BC