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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (34655)	4/23/2002 12:36:30 PM
From: TechTrader42	Respond to of 52237

Yes, a nice quote from the missing link: "The financial markets are based on exponential leverage compared to 1929." A surprising dose of doom and gloom -- and at the bottom, no less. But now, we have an ex post facto exponent of extended exponential leverage, it would seem. The magic of hindsight and selective linking. On other matters, the divergence between my sentiment indicator and the Naz composite continues: ST Naz CI: 92.683 MT Naz CI: 75.341 LT Naz CI: 88.642 ST S&P CI: 47.865 MT S&P CI: 46.405 LT S&P CI: 77.738 It's curious to see the ST CI so high for the Naz when the Naz composite is so close to support. It makes one wonder whether support will hold. The ST CI hasn't yet reached the upper extreme, btw, so there could still be a bounce at some point. The question is how long it would last. As for the S&P, it seems to want to reverse direction, but gravity also wants to pull it toward oversold levels (which it hasn't yet reached). There's a lot of indecision, with all eyes on the earnings reports. One report can move the market. Since so many reports still aren't based on GAAP, it's hard to say what's going on. No standard, ya know. The whole crooked system needs cleaning up.