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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (6528)	7/8/2001 11:01:54 PM
From: marginmike	Respond to of 209892

shack I agree, but I think we will rally first into July expiration. Like last quarter people will buy the earnings that are decent. Then sell into the abyss before next quarter.

To: Shack who wrote (6528)	7/8/2001 11:27:24 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

I am developing s-t scenarios that all respect the gap-down we made Friday. If we close it, then I'll develop other s-t scenarios. However, if that holds a test, this thing will give hard. That's a potential island reversal and I think it's just foolhardly to bet long while that gap is open. It may not play out, but it is a very risky (bearish) setup unless it gets closed. If this thing gives up 2000, we are going to get into a confidence situation, and that is the stuff fast declines are made of. What will folks say when the hopes about 2nd half recovery are dashed and the argument about "all the cash on the sidelines" finally dies? (I love that one. They've been saying that since last summer!) Worst of all for s-t confidence would be getting progressively below the recent rate-cut levels. It is shocking to hear people say "Don't fight the Fed." as they are implying a corollary of sorts, which is "By all means, bet on the biggest bubble in history." No thanks. See youse guys tomorrow. Should get some good movement this week and I hope we are on the right side of things.