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.

Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (527)	4/8/2001 1:13:39 PM
From: davidk555	Read Replies (1) \| Respond to of 840

Thanks Tom, David and moufassa7. I track these market internals frequently, and although it takes a lot of time, sometimes it pays off! Incidentally, I am trying to research what typically happens over the very short term following positive divergence signals. For example, I read on one board that there typically is a down day on the next day or two, followed by an upswing. Have any of you looked at that? - David

To: moufassa7 who wrote (527)	4/8/2001 9:39:33 PM
From: moufassa7	Respond to of 840

david555, I think pull backs are normal and to be expected. Last year we had 3 decent bear rallies [April,May & August]. After the initial blastoff, the market retraced over 50% of the move up, followed by a continued move up. A 50% retracement of the 4/4-4/5 move is 1707 which was completed Friday. As long as we hold above 1619 the NAZ is bullish. I think we should begin another move up Monday or Tuesday. I'll be looking to go long on a Monday pull back.