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: Box-By-The-Riviera™ who wrote (97436)	4/23/2001 7:12:35 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

Just signed up for a trial membership of Cantor Morning News. Meehan has a daily column. Today Dick Arms is filling in - an excerpt: >>But before we get too exuberant, perhaps we need to take another look at that index, at least on a short-term basis. It has now moved all the way from the very oversold levels of a month ago to quite overbought levels. The recent buying has swung the preponderance of volume to the advancing issues for so long that we are seeing the 5-day, the 10-day and even the 21-day starting to say "watch out". (Charts of those indices can be seen on the website referenced above). A typical market bottom is one in which we have a major volume low, a quick test a few days later, and then a return to, or toward, the lows on lighter volume a few weeks or even months later. The current readings are implying that the market is preparing to go into such a secondary testing phase. The success or failure of that test will be all-important for the market. The Arms Index signal we received in late March suggests that the test will be successful, and that there is a better market out there waiting for us. But right now the numbers warn of some pulling back first. << mornnews.com