SI
SI
discoversearch

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: Lucretius who wrote (74569)3/2/2001 12:36:42 PM
From: Earlie  Respond to of 436258
 
Luc:

Probably "early" or just plain wrong, but replenished the hopper. Half at opening, more during this noon hour "jam-job". We shall see.

To me, it looks like a market that is oversold and looking for any excuse to rally, but the overnight news just bashes the enthusiasm into submission. Dangerous as heck, so will not bet the farm.

Best, Earlie



To: Lucretius who wrote (74569)3/2/2001 12:39:57 PM
From: LLCF  Respond to of 436258
 
Message 15433270

DAK



To: Lucretius who wrote (74569)3/2/2001 12:47:59 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
No way to know at this point. We have not doen good technical damage to the upside so we are left with other tools and gut feel. For EW, a correction and a new impulsive move often look the same. Many corrections are 5-3-5, so you look for hint that what should be 4 of the up move is turning into a longer down move.

SOX looks good for impulsive structure, and so do many others. If COMPX is starting a new move, and the count looks OK, then this morning's gap down and slosh was nothing more than a 2. If this is the start of a new larger up move, it has to keep going here and take out yesterday's close with some authority, and I am talking very shortly now.