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 : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17558)	6/11/2001 8:37:26 PM
From: xcr600	Respond to of 30051

To all- Frontline is running a piece on the California and U.S. energy crisis. Definitely worth watching if you can catch it. pbs.org

To: Zeev Hed who wrote (17558)	6/11/2001 8:39:17 PM
From: pressboxjr	Respond to of 30051

I want to see capitulation. What I saw back in March was not it, IMO. My worst fear, not my belief, is that this thing goes sideways for another 6 months before finally deciding which way it wants to go.

To: Zeev Hed who wrote (17558)	6/11/2001 8:40:27 PM
From: pressboxjr	Read Replies (1) \| Respond to of 30051

Zeev, some interesting discussion I've been seeing is about all this increasing money supply with no inflation. A rather strange situation. Any thoughts?

To: Zeev Hed who wrote (17558)	6/11/2001 9:24:53 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Zeev, are you running the cycle off the March 22nd low or the April 4 low? I really think for the Nasdaq and SPX we need to use the April 4 low for the cycles. It also appears that you are now leaning towards an October low instead of an August low, or the fake-out rally we had last week is another re-test of 2388. I would tend to think the former rather than the latter. If the NDX hits 1775 this week, we can hit it one more time and we could go to 1850 on the COMPX. Also, if we get to 2150 again, we either have to go to 2095 or back up again to re-test 2388. Anyway, it just seems the turnips have changed their tune in just a couple of days, while the market hasn't really changed its tune that much. Max Pain on the QQQ is still 46, and the MM's usually shake things up a bit going in to make sure they come out OK. It closed at 46.05 today. The near perfect 50% re-trace of the move down today also tells me that we're going back to 2150 tomorrow. If we bounce again to 2160, I'm closing my June puts. If we don't bounce, I'm holding until 2095 at least.