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: AllansAlias who wrote (57357)	1/11/2001 8:10:22 PM
From: robnhood	Respond to of 436258

Man, I love this guy--- He sees it exactly like I do.... <<Given the fundamentals, today's market action was a marvel to behold. At the risk of obsolescing myself tomorrow, I vote this as the single most insane day of the last five years in terms of price action versus the fundamentals.>> Ho ho ho---- Fleck in action...That is exactly how it was though... Even all the traders I work with were bullish. It's like they have a neon sign up in the sky saying BUY BUY BUY,,, and everyone is going,,, yeah, right on man, yeah.... I've never seen anything quite like it. At least in the hairy wild up 30 points a day days, people weren't getting laid off, and warnings from here to eternity weren't coming. Losing dough and bitter, rrman... ho ho ho uohhh, do they have a hair cut comin there way--- it gonna take their scalps off....

To: AllansAlias who wrote (57357)	1/11/2001 8:17:10 PM
From: robnhood	Respond to of 436258

Man, I love this guy--- He sees it exactly like I do.... <<Given the fundamentals, today's market action was a marvel to behold. At the risk of obsolescing myself tomorrow, I vote this as the single most insane day of the last five years in terms of price action versus the fundamentals.>> Ho ho ho---- Fleck in action...That is exactly how it was though... Even all the traders I work with were bullish. It's like they have a neon sign up in the sky saying BUY BUY BUY,,, and everyone is going,,, yeah, right on man, yeah.... I've never seen anything quite like it. At least in the hairy wild up 30 points a day days, people weren't getting laid off, and warnings from here to eternity weren't coming. Losing dough and bitter, rrman... ho ho ho uohhh, do they have a hair cut comin their way--- it gonna take their scalps off....

To: AllansAlias who wrote (57357)	1/11/2001 8:56:22 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 436258

well, as a matter of fact, virtually every t/a analysis from outside sources is bullishly inclined, due to the pretty pictures looking good and all sorts of indicators screaming buy. the unanimity of opinion is the only problem, which leaves the contingent doing sentiment analysis as the only skeptical bunch. the question is, will sentiment be overruled? i think the remainder of January will continue to be extremely volatile, so you should probably stick around for that. one thing one needs to remember: the market as a whole has NOT experienced capitulation. there was no 5-8 bn. share day with 30:1 down vs. up vol. and p/c's scaling 3 or 4 signaling that. how and when does capitulation generally come about? one element is surprise. MOST participants must be looking the other way, shortly prior. the other element is indicator failure. tried and trusted indicators must fail to signal it. you see where this leads...namely that it possibly is yet to occur. the to and fro right now stems from two influences: prospective rate cuts and oversold indicators, as well as improving internals say to buy. the fast deteriorating fundamental backdrop however raises questions: has it all been discounted? is it time to look beyond the bad news, as the market has done today? (not the first time it tried that). or are things about to get appreciably worse. you see, no firm conclusion can be arrived at...except to say that the pre-conditions for an eventual capitulation move are in place.