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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (12359)	2/10/2002 7:38:08 AM
From: Justa Werkenstiff	Respond to of 23153

Warp: Thanks for your thoughts. I don't agree with them but you make a valid argument. Re: "The first breach of the ARMS Index (in a multiple set) carries the baggage. For that matter, should ARMS top 1.5 in this next week (currently 1.36), it would still be connected with the same selling wave." Might be but such a position presents you with the problem of distinguishing between one wave of selling and two. I don't think it necessarily that simple although your argument for a six day difference in signals carries much more weight than a difference of, say, twenty days or greater.

To: Warpfactor who wrote (12359)	2/10/2002 4:50:00 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Warp, in looking at the 30 minute chart of the NASDAQ from Friday, notice the surge late in the afternoon. stockcharts.com[h,a]faclynay[pb200!b9!b50!b36!b18!f][iut!Ub14!Uk14]&pref=G This surge wasn't accompanied by any specific news and we know it had nothing to do with earnings reports because the surge was late afternoon. My guess is that after 5 straight days of heading down, and going in the weekend, we probably witnessed a lot of short covering. Absent any news breaking events, I look for the NAZ to continue down towards the 1750ish area as I've mentioned before. We need a couple of days of the bulls selling out of frustration should Friday's action not be followed up on Monday. dabum