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: Perspective who wrote (46797)7/22/2002 3:01:05 PM
From: AllansAlias  Respond to of 209892
 
*wiggles*

Now, the market has to find buyers. Who knows what starts it, who cares. Price starts to rise and late shorts get alarmed. That pop ran a few shorts and excited the ever-present dip-buyers, but here we are in the pullback and this is where conservative greed has to kick in -- the crowd that missed the pop but are waiting, waiting for a sign that the low is in. They saw the first pop go by and they see the pullback as their second change. This is the stuff that c's and 3's are made of, to start with. Once/if they push to a new high beyond the first pop, well, then we get into the next level of short-whoppings and late bulls.

SOX has a nice putative 5 wave structure off the lows in the wiggles. Who knows. Pullback now is beyond 62%, so if it's gonna do some run before end of day, it had better get its smelly butt in gear.

There has to be considerable power at work here that wants the farking 300 point Dow declines off the nightly news. -NG

All wiggles to me here; not that interesting.



To: Perspective who wrote (46797)7/22/2002 3:12:30 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
I see the clowns are seizing once more on shorts. How long before they introduce curbs? I know it's stupid as hell to see shorts as the problem, but clowns can be the way, the short and the long type.



To: Perspective who wrote (46797)7/22/2002 3:21:39 PM
From: marginmike  Respond to of 209892
 
Seems to me bears are getting a litlle complacent? A sharp headfake should be here soon.



To: Perspective who wrote (46797)7/22/2002 4:26:30 PM
From: reaper  Respond to of 209892
 
<<My vote is steady grind lower, upsetting crash-calling bears and put-buyers alike.>>

my sentiments exactly. the SOX didn't have a single 7% up day in the manic rise from 1998 lows to 2000 highs; i expect we we see the same sort of action now. just relentless but small down every week. death by a thousand cuts, as it were.

Cheers