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


To: AllansAlias who wrote (45037)7/10/2002 12:55:11 PM
From: UnBelievable  Respond to of 209892
 
Now You Are Really Doomed

I agree.

In SPX and INDU this little pop doesn't change anything IMO.

No RP's today either. Although on that may or may not be meaningful, since I have noticed that there frequently no RP's on super-ramp days.



To: AllansAlias who wrote (45037)7/10/2002 1:02:04 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
Nobody Seems To Really Believe It Will Go Down

No great sales in the Call department.

I think if the boyz are confident they can hold it they will take it down to the low of the day to get the churn.

If we go straight up from here, it means they are not sure they will be able to control it, don't want to risk a failure, it probably means we have more down to go before a meaningful bounce.

My comments are focused on SPX and DJX.



To: AllansAlias who wrote (45037)7/10/2002 1:06:47 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Given that the Dow and Nasdaq appear to have differing scenarios, I take it they're both likely to resolve in the same direction (i.e., Nasdaq might be just a running correction if the Dow is in impulsive down)?

I suppose this might just be foreign money leaving, which is concentrated in blue chips.