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: AllansAlias who wrote (11749)	8/30/2001 10:24:49 AM
From: Perspective	Respond to of 209892

Yes, an intriguing start. Predictable short-covering (we've had a darn good week, and I respect that line <g>) produces impulsive looking up. Mutuals stand back and watch, then when the traders bail at the morning gap closure, everybody races for the sell buttons and produces an equal length impulsive looking down. Note Smelly with its 566 open (at yesterday's low - just avoided gap), probe below (fakeout 1) then probe above (fakeout 2), bounce at 566 again, then failure again. Where does that leave us? A failed breakdown failure? <g> BC

To: AllansAlias who wrote (11749)	8/30/2001 10:25:21 AM
From: John Madarasz	Respond to of 209892

I'm jonesing to fade a bio or two nice work

To: AllansAlias who wrote (11749)	8/30/2001 10:25:58 AM
From: marginmike	Read Replies (2) \| Respond to of 209892

in light of the Horrific news, if we rally we MELT up. Or vicevesa. I will say that VIX in a range from 22-28 if 28 breaks we should see accelerating selling.