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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (69840)	2/21/2001 11:23:45 AM
From: KymarFye	Read Replies (1) \| Respond to of 99985

Index was forming a nice symmetrical triangle on intraday charts, but just fell badly through lower rising trendline, was also at just around low Fib retrace of day's move ... looks like re-test of support at 2291 (rather weak - given the gap open below) or of the day low now very likely... if it fails, may see some real fun... would have made some money on the long side this morning if not for some mistakes combined with software problems... oh well... least I'm not getting killed... looking for possible short set-ups - rallies not skids... long trades on hold it looks like for a while

To: JRI who wrote (69840)	2/21/2001 12:01:31 PM
From: 200ma	Respond to of 99985

going positive from here based on margin calls on Tues and overweight of shorts currently, good down leg thus far and now people are waiting for 100-200 points to go long, that anxiety will drive the market up before those people can push the buy button, did some buys and will buy more instead of stopping out should we plunge another 100 point because it seems like that is where the psychological support is at, this morning flushed out the remaining weak hands, slow and steady will be replaced by a quick upward swing to get the momo feel back