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 : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (3673)	11/7/2001 12:00:20 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Yes, extremely "overbought" here and, frankly, having don quite well since the lows in September, stepping aside seems to be "wise". The interesting thing is that two of my core stocks have actually broken down during the end piece of this ascend, (AGM and COO), so I smell "retrenchment" in the air. The market is pretty much following the scenario laid out last night (mark them down in premarket then a strong rally to about 1850). I expected a stronger sell off, and since I did not get it, did not "do lunch". Zeev Zeev

To: TREND1 who wrote (3673)	11/7/2001 12:50:13 PM
From: t2	Respond to of 99280

deleted

To: TREND1 who wrote (3673)	11/7/2001 12:50:50 PM
From: t2	Read Replies (1) \| Respond to of 99280

It is only a question of when the retracement(of some kind)starts. Is it not odd that even those that are by nature bullish are also expecting a retracement as well. I have seen many comments by those that were bullish a week or two ago looking for drop near term. Just makes you wonder why this market has still continued to climb while many of the bulls have probably been selling, hoping for a bit of a pullback to get back in. Contrarian indicator...maybe..at least that is my bet near term. Kind of makes me a reluctant seller...doing only small sales into the rallies but keep lots of long trades still on..will re-evaluate later today.