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.
Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Andrew G. who wrote (6264)3/18/2001 3:55:48 PM
From: TheStockStalker  Respond to of 8925
 
Contributing to the volume was short selling and automated day trading programs.

Do you really think that the shorts sellers have just now decided to show up? And that program trading did not start until we broke 2000? We have been here all along. And I can honestly say that my short selling activities (which are large when compared to retail trading) are slowing down here just a bit because of certain signs of desperation I am seeing in the investor crowd and because of the strength I am seeing in the intraday squeezes. I think the big volume is more of a function of scared investors like you finally giving up and throwing in the towel on investments because they are once again looking at the fundamentals. The fundamental were great when the market tanked (new paradigm) and the fundamentals will still be bad when it turns up again.

How about this is where the boldest money has been shorting and scalping

I always thought the bottom was where the boldest and smartest money BOUGHT the market.

Also, consider that no chart foretells the future. Past patterns are not repeated identically

Well I thought that was the whole purpose of my post and the chart. To show that the conventional thinking on how this is supposed to end is flawed and to offer a new way to look at it.

we live in a different time and circumstances than other recessions

Uh Oh.... Sounds like the crowd is starting to think there is something "different" again about where we are right now. Probably the same crowd that embraced the New Paradigm at the market top. The biggest losers will see at the bottom whenever that is.

PDT