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: Les H who wrote (65386)	2/7/2001 12:06:16 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

they are now ignoring the COTs...which is amazing, as the COT indicator worked perfectly well all of last year. and THIS from Arch Crawford: Subject: Market may Rise sharply next 2-3 days! I have been watching the various segments of the market lose momentum and begin to roll over. Friday, my Hourly stats became very oversold, and began making Bullish noises. My assumption was that a 1-3 day rally would work off the temporary oversold readings and set the market up for a worse tumble (corrective C') into a low on or about Feb 12 where a Sun/Mercury conjunction form a square to Saturn! So maybe we Will only see a 1-3 day B type rally!?! Watching the numbers unfold, I am getting an eerie sense that this market is going to Explode UPside for at least the next 2 days! The Dow Industrials have formed an Ascending Triangle just under the 11,000 level. If that Triangle breaks out UP, the money manager class may throw in some of their caution towels and jump IN feet first. That would mean an extraordinary POP in a limited number of issues (Dow 30), but among a growing New High list, some unnoticed groups are sneaking past the guards. We remain favorable to issues mentioned earlier in the Computer area, but traders should be on Watch for Poppers to pick off. If it's breaking through resistance on increasing volume & momentum...Go For IT! We are puzzled in that we still expect some sort of corrective phase into mid-month. Maybe we won't get it? Maybe we won't get as much as we'd expect? By mid-month, though, the strongest rise of the year should swing into Full Power from there into April. Just my musings, Enjoy, Arch Crawford