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: The Freep who wrote (51084)	8/23/2002 11:55:57 AM
From: Paul Shread	Respond to of 209892

I was talking trend strength. ADX rose from the May 28 turn to the July bottom, but has fallen in this rally and is now all the way back to the late May level. It's also odd that buying pressure (+DI) has never picked up. It peaked on July 29 and has declined since then, a negative divergence. stockcharts.com[l,a]daclyyay[pb50!b200!b20][vc60][iLl14!La12,26,9]&pref=G Yes, equity PC sure has reversed today.

To: The Freep who wrote (51084)	8/23/2002 1:00:25 PM
From: marginmike	Read Replies (2) \| Respond to of 209892

seems to me that this selloff will be a dip to buy. Now dont shoot the messenger but this selloff is looking very corrective. Volume is contracting and lots of leaders have bullish devergence to when market was at this point a week ago. If Vix backs up, and stoastics become less overbought and pc's become less frothy then all signals will be ST bullish IMHO.Assuming we maitain a higher low.I have said this enviroment has been very confusing, however a good selloff to S&P 900 would put alot of things in the bullish camp again. The VIX action should disturb the bears. I think this selloff needs to go further down first and think Zeevs targets are pretty good and will put a good scare in da bulls.