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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (8554)	9/21/2001 12:30:28 AM
From: J.T.	Respond to of 19219

Anything is possible. Best Regards, J.T.

To: SecularBull who wrote (8554)	9/21/2001 12:54:02 AM
From: macavity	Respond to of 19219

No rush I remember a level of SPX~950 would indicate a break of the long-term trend line from 1982. The long-term (18-20) year bull market is over. I have made money this year playing the short side and have given too much of it back being cute trying to catch the counter-trend rallies. The market is now o/sold in Daily/Weekly/Monthly and whatever. The era of equity is over - all market groups are getting sold at the moment (except GOLD). It is indiscriminate. I will sit out any rally/bounce whatever. The market will rally and I will be waiting - the higher the better. As soon as it hits major resistance and/or is o/bought (daily or weekly) I will short it and buy GOLD. Good luck on your GTC - I prefer getting stopped into positions with counter-trend trades. Good luck all, sitting on my hands. -macavity