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 : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4768)	10/3/2001 10:18:57 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Yeah... but this rally has likely run it's course for now and we'll sell off the rest of the week hopefully only down to the 8700 level.. (and lord I hope this isn't just a bounce off the upper arm of the downtrend channel on the weekly INDU.. This is a period of volatility where, in the absence of specific fundamental improvement overall, people are forced to rely upon TA to an even greater extent. At this point I would rather be short, than long and trade the swings. Hawk

To: John Pitera who wrote (4768)	10/3/2001 10:40:13 PM
From: Terry Whitman	Respond to of 33421

OK- I'm seeing the light here. <G> I also suspected during the closed days that a bottom would appear within a week or so. Haven't committed much $ to that notion yet. I did go 35% long in my ret. acct. at the end of the month. With that MASSIVE order contributing, that must have incited today's rally. <gg> Did you have any thoughts on the Alberta Tar Sands. They sound quite promising for future reserves- At $9/bbl cost of production, it shouldn't be long before they can use them- Don't you think?