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 (52871)	9/9/2002 9:52:55 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Sorry no posts today. The Rush concert last night went long. I feel older than Geddy Lee today. I am not looking down here except in the very short-term which I think will be a little ugly. Non-tech still needs another leg up methinks and I smell a flat on the COMP daily which means another run back to 1430 and likely a little more. As for the larger time frames I think that SPX H&S test could last months so be ready for a large range. Should be great for trading. Shack (who after the first quarter thinks Kordell Stewart better stick to the rush)

To: The Freep who wrote (52871)	9/9/2002 10:44:29 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Yeahhh… Bullish argument… What about the fact that you and I and the Rydex traders are short? -g/ng. Maybe, structurally speaking, Mr. Market, after rallying in a double zigzag since July, may decide to decline now in a 5-3-5 (us being now somewhere in the ‘3’), and then kick butt in another several wiggles up, to match the move in July-August… And yes, postings slowed down. Is it bullish or bearish? I don’t know. I perceive the silence as a sort of a ‘decrease in volatility’, with people having little to say because they may be having too many doubts. Calm before a storm? The bullish case is not easy to make. The long-term trend is down. The action since the onset of July – August rally was somewhat ‘ugly’, sharp, “three-wavy”, with many overlaps, and full of episodes of panic buying, as witnessed by frequent and at times daily extreme ticks. So… imho, the down resolution is more likely, but short-term counter moves may be sharp and exhausting… Got to have clear criteria for money management. Bad time for leveraging out every buck ..-bg.