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: ajtj99 who wrote (27872)	9/18/2001 3:27:29 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

I think the VIX is dropping cos the manipulators are buying certain stocks at set levels. Like $54 on MSFT being the most obvious example. With someone trying to keep stocks above a certain point, volatility is bound to drop and is a fake reading in my opinion.

To: ajtj99 who wrote (27872)	9/18/2001 3:31:31 PM
From: thesilenttype	Respond to of 30051

Holding long overnight is now riskier than ever with 1)possibility of another terrorist attack & 2)warning season underway.This could set up a pattern of closing at or near the lods for awhile.

To: ajtj99 who wrote (27872)	9/18/2001 3:37:21 PM
From: JRI	Read Replies (1) \| Respond to of 30051

AJTJ99- Given the mass of selling facing this market (tax-loss selling, Japanese repatriation of capital, other foreignors fleeing a weakening dollar, bin Laden fear, negative fund inflows, etc., stocks "over-owned" by institutions)..I wonder if the only way we get a decent bounce now is ENORMOUS fear....better than 1998 levels and approaching/at 1987 crash levels... There is absolutely no reason to buy here. If you go back to mid-March/late-March, U.S. equities continued to tank from oversold levels, and Japan got closer to M2M....we are in a similar period now, but have these add'l liquidity problems to face...not good.. One bright spot, obviously, is the Fed's massive pump....but this pump has been going on for a while, and a couple weeks ago, one day the Fed put in the equivelent of 2 weeks liquidity one day, and market absolutely tanked...so, I think the "Fed effect" is quickly losing its potentcy, and, in any event, there is no way the Fed can keep pumping at the never-before-seen rate of the last few days... You still think that COMPX 1540 has a chance? I am tempted long, but keeping chanting the mantra listed above...