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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (1135)	1/5/2001 4:59:34 PM
From: Susan G	Read Replies (1) \| Respond to of 5732

All buy and sell signals can be voided by fundamental events, it's happened both ways this week. False "bullish" signals due to the FOMC announcement, and then today, a continuation of the downtrend we were in when it was temporarily nullified by the rate cut which surprised many. And much of it due to a fundamental event that TA cannot predict - the Bank of America derivatives rumor. Main Street is just beginning to realize our economy is in trouble here. We've known for ages. One rally does not make a trend change...but it fools the herd for a day or two. Actually by TA standards the continuation rally should happen on Monday I believe. I myself was posting my doubts of that rally holding in OJs room, that same afternoon as there has been too much pain too fast for the nas to really rally here. I seriously think that many heard that news article I posted last night about Mutual Fund Outflows and freaked out, running to liquidate their own funds. It was running on Bloomberg Radio this am in the NYC area. People are scared and throwing in the towel all over. Unfortunately, that's what we need to truly bottom. My feeling is it will be a while...but then again, I usually only get bearish at the very bottom <g> We'll see. As always, I post these newsletter blurbs on stocks we trade and watch and read them regularly, then filter all the information, store it in my head and then make my decisions based upon my own qcharts TA studies, other opinions I read, news, market direction etc. We all also like to read them to know the pivot points, support and resistance areas, breakout points (ever short one of those newsletter breakout points? LOL it works) and especially, when other "newsletter" readers will be buying and selling. Since some of us trade some of these stocks up AND down, we also like seeing when the "Herd" is going to go long or cover. In this market, it all helps. And just knowing the general sentiment on a stock or sector out there is helpful. With the exception of the Investment House.com one I post nightly they are free, so the herd reads them. So I plan to continue to read them, post them and as always, benefit from them! PS I know several world class chefs, one from the Culinary Institute and the other a le Cordon Bleu graduate who are skinny as hell and cook like you would not believe : )