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: GREENLAW4-7 who wrote (71644)	3/10/2001 7:18:54 AM
From: Square_Dealings	Respond to of 99985

greenlaw Its always amazing to me how every day the NAZ makes a new low there are so many people that jump to call it "the" bottom. Theres no reason to jump in yet because there is about a 0 chance that the market is going to miraculously bounce so fast as to leave everyone in the dust. Plenty of time to get in when fundamentals change, which is going to be a long, slow process. Too many people getting killed here and still too much margin debt. When the $XAU (gold index) hits 64 I will start looking to buy some tech stocks. By that time some major credit problems will be removed from the market. good luck M.

To: GREENLAW4-7 who wrote (71644)	3/10/2001 8:06:49 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

greenlaw, maybe the SI threads indicate excessive bearishness, the tape itsel, not yet. It would be if Bobby got his 7 to 9 consecutive down days and a string of -1000 or larger tics. We did not have excessive bearishness in the January low either (and I think the current relapse was probably due partially to that lack of extreme bearishness in early January). Last, I doubt that 85% of traders are heavily short. The total short position is not particularly large relative to total volume. Zeev