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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (44487)	7/3/2002 3:36:42 PM
From: 200ma	Respond to of 209892

DOW still trading weak due to GE

To: NOW who wrote (44487)	7/3/2002 3:37:36 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

The p/c is around 1 all day. Somebody is buying puts. (Unless you think it's just bears running for cover.)

To: NOW who wrote (44487)	7/3/2002 3:57:26 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

It's a bit early, tooearly <g> On the hourly NQ we've had 20 bars of straight down, now we've only had 5 bars of up. We haven't even had a 38% retrace yet of the move from Friday's high. Give it until Tuesday at the least. Monday we might rally if there is no terrorism over the weekend when people who sold this week on those fears decides it's "safe" to go back in and "buy some bargains" so to speak. And I disagree with you when you said the selling had little to do with terrorism. The truth is that we'll never know why people sold, one way or another. Bears will point to lousy fundamentals, warnings, accounting scandals, and all the other bad stuff as to why people are selling, as the bears say to themselves "that's why they SHOULD be selling, anyway." But between now and The Bottom there will be selling for less reasons than than that, as well as rallies for whatever reason, no matter what the cause.