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 : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (5372)	1/15/2001 1:40:56 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 8925

Good stuff Rok.. let's watch it.. hey we'll use what ever it takes pal...whatever!!! right?? gotta run see ya..

To: rocklobster who wrote (5372)	1/15/2001 10:52:59 PM
From: Mike M	Respond to of 8925

Rok, you did a nice job explaining Rande's 4DML. However, as I interpret the guidelines the last short liquidation started on Monday 8 Jan with the NAZ opening on a gap down that ended the day at the high. the next two days included a gap up and a gap down. The gap down on Wednesday is the one you wanted to count as day one but I would call day 3. Day 4, 11 Jan, the NAZ closed near the high. I think Friday, according to the guidelines, should have been a gap up and constituted day one for long liquidation. Maybe the earnings news for HWP among others would not allow a gap up. After a mild opening correction, perhaps we got the up move that we would have otherwise expected. Then it closed near the low of the day. If my interpretation is correct, then we will see a down day tomorrow and possibly a gap down with an attempt to rally some time during the day. Day 4 then, would be Thursday with a low close. Friday would then gap down and close near the high...day one. No guarantees from me but that is my story and I'm sticking to it...until tomorrow. I think, as Friday would attest, news will modify the outcome but not necessarily completely reverse... Regards, Mike