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: yard_man who wrote (87749)	6/27/2002 11:30:48 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

tippet, most of the indicators on the dailies have crossed up or reversed, so I don't think it's so much a question if we've reached a local bottom or not. I think most everyone will agree that this bottom will not hold for more than several months at the most. The main question is how long will it last, and how far will it go, both tomorrow and next month. I looked at the equity put/call again, and the closing numbers are not that terribly bearish. They're actually lower mid-range. They still have room to get lower. I would not really pay much attention to put/call ratios before 10:30AM. The volume is usually so low that the numbers can be skewed, IMO.

To: yard_man who wrote (87749)	6/28/2002 7:30:28 AM
From: orkrious	Respond to of 99280

interesting that the discussion is focused almost solely on a "retest" good post, tippet. I agree completely. My guess is that this is one of those times Zeev escapes with making a couple of bucks, most dip buyers are going to get hosed. It was the PPT that saved the day Thursday, but they can't save the day. Foreigners are bailing from our markets, and the feds efforts to save the day will be as futile as the BoJ's efforts the last few days, throwing $20B at the currency markets, trying to stem the yen's decline. Although I have rotated out of some of my semis, I added a greater dollar value of IBM and LEN shorts. I woke up this am to find the dollar getting smoked. siliconinvestor.com we are going down, whether or not it is today, tomorrow, next week, or next month. ork