SI
SI
discoversearch

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: Zeev Hed who wrote (29412)10/4/2001 12:11:33 AM
From: Pierre  Read Replies (1) | Respond to of 30051
 
Zeev:

I note you are back into QCOM at under $45. Does its lack of participation in the rally today concern you? I assume it is now trading at the lower end of the box.

TIA.

Pierre



To: Zeev Hed who wrote (29412)10/4/2001 12:56:32 AM
From: Mike M  Respond to of 30051
 
The equity P/C ratio finished the day at .46, that was a very rapid decline from well above 1 when I put on my bull horns.

Zeev that deterioration in bearishness sets the stage for weakness but as long as the P/C ratio continues to decline, it isn't indicative of a turn.