SI
SI
discoversearch

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 : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: augieboo who wrote (2921)6/27/2002 7:56:50 PM
From: jjstingray  Respond to of 30712
 
Paul and Augster, I too agree with you. We had lower volume today than yesterday. Hardly bullish. If we open up tomorrow at all, we will probably have a put call ratio in the .5 range by the end of the day. Vix falling way to much too. I think the market is just buying some time and we will get a better low sometime in the next couple of days. There have been more bottoms picked in the last 24 hours than I care to hear about. And we all know what happens when people pick their bottoms. Smelly fingers is all.

I think that General Motors news today was an ominous foreshadowing of things to come. I think we get an investigation into GE, MSFT or Procter and Gamble. One of the big Dow stocks will come under scrutiny and sink the ship. It is just a matter of time. So in the meantime, Augie, keep the charts coming, I'll put on a pot of coffee and Paul keep doing what your doing. Great job guys.



To: augieboo who wrote (2921)6/27/2002 10:36:27 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Nice charts, Augie. I hadn't thought about the blending candle thing when talking about the re-test.

Anyway, after tonight I think we get a re-test on the COMP and NDX. I'm not so certain about the Dow after researching it a bit more. The re-test might have been today for all I know. The EOQ window dressing goofs things up.