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 (28533)	1/17/2002 12:55:31 AM
From: At_The_Ask	Respond to of 209892

You could be right. Maybe we don't get a next bounce. -BG- But seriously I think I'll go prowling for bulls and see if I can find any. The guys on Guidance and Visibility seemed to think all the earnings were being bought AH. Even though they only beat reduced estimates on a pro forma basis. Maybe I'll just buy some yahoo and take the rest of the week off. One bullish note the compx 50dma's broke through the 200dma's. CNBS should get some mileage out of that. I'm sure they can find some chart guy to say we are now going to "retest" compx 5k too. All things are bullish.

To: Shack who wrote (28533)	1/17/2002 1:42:45 AM
From: velociraptor_	Read Replies (1) \| Respond to of 209892

Yup, likely true. After doing a little chart analysis, I see 5 waves down on the S&P and the DOW. They are both now in a running wave 2 correction with tomorrow's rally the C wave. I can see now why every one is expecting it and it should happen. The thing that will get them though is many may think it's a short term bottom, but the c wave should only last about a day or so. Just when people start getiing long again...wham!! Friday ought to be the start of wave 3 down, and the way I see it, it should be 3 of 1. I'll have a full update at my site in a few hours or you can check Thursday morning. raptorgroupresearch.com