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: Paul Shread who wrote (29402)	1/28/2002 11:46:52 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Global Crossing bankruptcy throwing a wee pall over this morning's fun (shouldn't be much of a surprise). $22.5 billion here, $22.5 billion there; after a while, it starts to add up to real money. -g Gap is gone and red is the colour of the moment. Expect lots of Fed pumping to counter the ongoing debt destruction.

To: Paul Shread who wrote (29402)	1/28/2002 11:48:44 AM
From: The Freep	Read Replies (2) \| Respond to of 209892

I agree it's a negative divergence vis-a-vis price. . . but for the short term, doesn't it imply a new trading range for the VXN and thus, contrarily, is kinda bullish for the Naz (he types as the market tanks)? Kinda like a stock making a new high -- it might pull back a bit but it should go higher right after breaking through. Mind you, I don't know what makes the Naz rally here. . . but that's not the issue. My timing in typing this, as always, is not meant to be indicative of my savvy <g> the freep