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: Paul Shread who wrote (60178)	11/22/2002 11:06:04 AM
From: marginmike	Read Replies (3) \| Respond to of 209892

I am out sold all longs, believe 1 move up remains but will book massive 3 day profit

To: Paul Shread who wrote (60178)	11/22/2002 4:37:36 PM
From: skinowski	Respond to of 209892

Sorry for the late reply, just came home… Your data seems correct. Lack of extreme blow-off ticks is supposed to be evidence that the trend may be healthy. I noticed something curious… Often, let’s say during a rally, when the ticks pull back from a high level, so does the price. Sometimes, however, even extreme ticks will not “check” the advance… the ticks retreat, but the price stays steady, and sort of uses the lull in buying for consolidation. This is what has been happening yesterday, at least in the morning, while I had a chance to watch. It appears that sometimes a wave of buying will be succeeded by a wave of selling (which brings the price lower) and at other times, the buying subsides, but the selling doesn’t come in… and the price remains steady. The mucho $$ question is to learn how to distinguish when this is a sign of strength, and when it becomes a sign of a final blow-off, which will end the move. Yesterday, it certainly was strength.