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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (95185)	4/17/2001 12:08:21 PM
From: JRI	Respond to of 436258

I'd think the breakout attempt...if it were to happen...should've happened this morning....... We are getting sucked into Intel orb here....who wants to bet (market going up?) on that result (yet)... Having said this, I'll let the market decide....if it can rally hard up into late afternoon....and hold...then that will be impressive..... I think, though, there is going to be pressure to sell this aft...ahead of Intel

To: Perspective who wrote (95185)	4/17/2001 12:15:43 PM
From: UnBelievable	Respond to of 436258

"Despite remarks to the contrary, this morning's run was NOT just the action of Ameritraders." Not unless they were holding the futures up.

To: Perspective who wrote (95185)	4/17/2001 12:16:39 PM
From: AllansAlias	Respond to of 436258

Good post. I am getting PM's from people saying "Wow, how fast did you turn around." Nonsense. All I said this morning was that we have a new scenario that has raised its bullish little head. I did not buy it, have not yet, and may not ever. I am simply aware of a new possibility that makes me more hesitant to short. We are in a range on tech and I leave it to the heroes to make big bets as to which way it breaks. BC, I don't think we've had near the sort of correction that the huggers are looking for. Not deep enough. About your other point, yes, a high that is anything other than marginal would be a surprise to a lot of them. It would catch them with their shorts up, solidify bullish sentiment, and, as you say, set up for a better down. It's a great time to be in Earlie's weeds...

To: Perspective who wrote (95185)	4/17/2001 12:17:13 PM
From: Andrew G.	Read Replies (1) \| Respond to of 436258

Excellent post, bobcor. Would like Grace's opinion on this quote: "Despite remarks to the contrary, this morning's run was NOT just the action of Ameritraders. In fact, I expect the data to show that they were not overwhelmingly buyers today. I continue to detect the smell of burning mufu Clownbux. Judging from the Trimtabs numbers, a lot of sideline sitters were pushed into stock funds for fear of missing out on the bottom. That money has to be burned before we get any down. " I didn't look at Trimtabs but I was stressing the same point from a different angle. You can see which way the Funds and Houses are leaning, and they are either fawning bullishness or they are for real. It's all based on TA because fundamentals suck. Also, the fact that inflation hasn't appeared despite the money pumping from the Fed is pretty weird. It gives them latitude to print more. Not a good thing IMO.