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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (37739)	7/22/2002 3:34:39 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69822

[RumorDude] Sun Jul 21, 10:22pm PDT 1920-1929- Mon and Tues Way back before most of this relentless selling started on June 4 I made mention of a graph comparing the runup of 1921-1927 and the large peak and subsequent trashing of the markets in 1929. While the overall marktet dynamics were certainly different back then, the graph originally suggested that we might be forming the bottom and life would be all smiles. However, my interpretation when I first saw it was that this was not the case at all because of one simple fact: the subsequent drop after 1929 brought the markets to well under their established base - which would suggest we've got a long, long way to go. Be sure to make note of that when you look at the graph!! We very well may have a long way to go, but this is definitely a tradeable market - albeit one which you ened to really watch your self on. Right now I am hoping for a very bad opening tomorrow morning. Since we're way oversold (RSI) and the VIX is hitting new highs, additional "irrational underexuberance" (why won't greenspan call the current way of selling something like that, eh?) will push the oversoldness and VIX's to a great buying opportunity going into tuesday for a nice short covering rally.