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: Jeff who wrote (59600)	5/1/2002 10:49:53 AM
From: AD	Respond to of 99280

thanks Jeff

To: Jeff who wrote (59600)	5/1/2002 10:52:10 AM
From: DebtBomb	Read Replies (1) \| Respond to of 99280

Jeff, all of the signs are there, IMO. But, you know, they'll attack you if you post something bearish. But, we don't care, do we?? I do agree with you, those prepared for lows will be the only ones left to invest by the time this over. ;-)

To: Jeff who wrote (59600)	5/1/2002 11:07:03 AM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Jeff, The MM's are making this look like a successful test of the Monday. It looks like a flag before another push down to take out Monday's lows. I got some puts ( a little late after the breach of NDX 1253) but I'm looking at the NDX 1207-1220 range to unload them. I doubt we will stop at the Monday lows. We could re-trace a bit of this before going down, but it sure doesn't look real probable right now.

To: Jeff who wrote (59600)	5/1/2002 11:44:07 PM
From: Ron Dior	Read Replies (4) \| Respond to of 99280

This is a typical diagnosis of T/A at it’s best. Notice how all of this hard work and figuring has done nothing more than confuse not only those listening but the one figuring. Below was the natural progression of Jeff’s explanation of yesterdays rally and of today’s decline ( which actually turned out to be a rally) I emboldened the quotes that were most important to his theories. Message 17407817 there was a warning sign yesterday that the rally was a "weak" rally..... i made this post yesterday around 1:18....the key was....the 30-min and 60-min stoch were in overbought..... but the real key was...the whole rally was run into overbought "while the MACD was still under 0 on the hourly chart".... being above or below MACD 0 makes a big difference... Analysis told Jeff that the rally yesterday was weak due to the 30;60 minute stochastic being overbought. MACD being below 0 also confirmed this! When in reality the trade data yesterday had shown the rally to be fueled by short covering. Next below Jeff gets to show us how his hours of T/A got to accomplished it’s mission. Message 17408577 for those who think they can play this market with just fundamentals....and T/A is useless... ask yourself this... what changed in the time from yesterdays close to this morning to " give back all of yesterdays gains"..... See his T/A worked better than other forms of prognostication because as of the time of this post the market seemed to be tanking. But wait a minute…. Let’s read on. Message 17409527 they won't let this market die easy.... when insanity like today happens....theres a big move coming soon..... but which way.... Hmmmm…. Now searching for a reason as to why an oversold market would snap back he makes the above statement? It must be insanity because the market didn’t do what his T/A said it would. Now T/A tells him this must be a big move is coming…. The only thing it can’t tell us is what way the move will be. Maybe this thing will turn back down and Jeff will be right after all. Let’s see. Message 17410015 SPX...is overbought hourly...and 30 min is starting a roll.... anyway...yesterday and today were total b.s....end of month and first day new month.... maybe tomorrow the picture becomes clearer.... Nope it continued to rally into the close….. T/A ends up revealing that yesterday and today were BS. Tomorrow the picture will become clearer… MAYBE. Thanks Jeff for that humbling lesson…. Ron Dior