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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (24006)	12/6/2001 11:19:55 AM
From: JRI	Read Replies (2) \| Respond to of 209892

If Freep is right (today up), then I see tomorrow as flat/down..(as Freep mentioned, up, up, flat). I don't think this is a good spot to short (this week), unless for a scalp (we could get to 1925, but I think that holds) I know preferred scenarios have us turning very shortly, but I am struggling with that versus the need (I see) for us to spend a few weeks at/near these levels to get bulls much more comfortable (VIX lower) and burn off some of this "breaking important trendlines" hysteria...Turning next week, after yesterday's big up move makes me uncomfortable. Also, "happy, happy" momentum would seem to easier to maintain over next 3 weeks, vs. breaking it. Next year, however, new rules, new ballgame. Can we work a count that has us turning in January? g,ng