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: AllansAlias who wrote (54162)	9/20/2002 12:24:22 PM
From: yard_man	Read Replies (2) \| Respond to of 209892

sold DOW puts -- 60% convinced we have a rally coming which will last through late Mon or early Tues ... good luck -- I don't think it is dumb to try a long here, but I am not going to do it ... Also covered BZH from 70 ...

To: AllansAlias who wrote (54162)	9/20/2002 1:00:53 PM
From: yard_man	Respond to of 209892

death on a stick ... biz.yahoo.com Some derivatives customers scale back from JPM

To: AllansAlias who wrote (54162)	9/20/2002 1:19:25 PM
From: reaper	Read Replies (2) \| Respond to of 209892

anybody got an opinion on the charts of the auto retailers (LAD; ABG; UAG; GPI; SAH; AN). look ugly to me. LAD has already taken out its July 23/24 low, and ABG, UAG and GPI are inches away. interestingly, you can line these guys up exactly by market cap in terms of relative performance off the 23/24 July low; i.e. AN the biggest cap at $3.8 billion is still 15% above the lows but LAD the smallest cap at $310mm is now below the lows. if auto cracks.... Cheers

To: AllansAlias who wrote (54162)	9/20/2002 2:09:50 PM
From: NOW	Read Replies (1) \| Respond to of 209892

And here's the frightening part. This particular market analysis ("investor fear = market bottom") that worked like a charm during the bull market of the 1990s is no longer the solution. In fact, it has become a major part of the problem. Why? Because we're deep into a bear market. And in bear markets, investor fear and market volatility and wholesale dumping of stocks are to be expected. And while such situations can present trading opportunities, they seldom represent the ultimate market bottom except in a rare case that I'll discuss in my closing comments. schaefferresearch.com

To: AllansAlias who wrote (54162)	9/20/2002 2:20:15 PM
From: JRI	Read Replies (1) \| Respond to of 209892

We are flirting with breaking Soxx 249 here....is there any support before 220? and if not, wouldn't a bet of a break of July low a much better one (if Soxx can't rally out of hole here)