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 (30020)	2/13/2002 6:35:50 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

i want to see what happens following the max pain maneuvers.MaxPain could be falsely forcing this nudging into uptrend indication--we will see:)

To: TREND1 who wrote (30020)	2/13/2002 6:41:34 PM
From: Alex MG	Read Replies (1) \| Respond to of 99280

It's an uptrend until it turns back to a downtrend. Aren't the major averages still under their 200dma? The markets have definitely rolled over and broken down since the Dec-Jan highs. Of course it's not gonna go straight down. After those 5-6 days in a row of down it was due for a bounce. It's the "bump-n-grind two-step shuffle". Two steps down one step up, rinse and repeat.

To: TREND1 who wrote (30020)	2/13/2002 6:44:42 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Larry, didn't we close at within the well defined downtrend started in January? I think Hal would say we have to respect that channel until it is breached to the upside. Furthermore, the NDX appears close to forming an evening star, which is not real bullish. We'll watch wait, and listen. There are some cycle low dates coming up next week and in March. Heck, I think even the mightiest bull of all, da_cheif, is expecting this to go lower.