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: mishedlo who wrote (68389)	5/16/2002 7:48:15 PM
From: westpacific	Respond to of 99280

Remember two IPOs came out today, more reason to keep it green. Listen, the fact we have massive chart breakdowns on the utilities and the transports tells me this is no rally build. Also we have a major bearish candle formation on biotechs - I HAVE NEVER SEEN A TECH RALLY WITHOUT BIOTECH!!!! Nothing to fret about, FED buying Qs, getting overbought again - let them press it. IF your in the right shorts, many of mine have not moved up or are sideways to down. All depends on what you short, short pigs and the chart!

To: mishedlo who wrote (68389)	5/16/2002 8:32:55 PM
From: kanuti	Read Replies (2) \| Respond to of 99280

Thanks for that detailed explanation. I am also surprised that today did not end up down. But it is not like we rallied either. You are the expert on put/calls so I certainly am not going to debate you on that point. IMO this market has whipsawed most everyone into a state of confusion. Perhaps myself more than others. But for the moment I still believe we head down again shortly. I don't see that the market is as overbought as you do, but agree it can stay oversold or overbought for long periods. TRINQ has been bothering me also for the past couple of days. Personally I can not find anything that forecasts a sustained rally. In this market anything is possible but, for the moment, I will stay on the dark side.