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: Shack who wrote (62366)	12/30/2002 3:40:28 PM
From: bcrafty	Read Replies (2) \| Respond to of 209892

Merlin is bearish this week crystalball-forum.com

To: Shack who wrote (62366)	12/30/2002 3:45:53 PM
From: JRI	Respond to of 209892

Did you see business week's survey of fund managers? Very bullish (13% gain SnP/27% Naz on average, I believe) for 2003 they are... Everyone playing that "not 4 years in a row down" thingy...The sheeple are being led to...

To: Shack who wrote (62366)	12/30/2002 8:42:06 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

I have been watching and waiting to see if SOX would make a falling wedge here. It is difficult to "Elliott count" that wedge in that place. In any case, why would you pull the trigger before it would run down to come close to the bottom line? Not that I care very much, but it is hard to find components that are presenting a possible wedge here. I think it just as likely that we had a very nice 'flat' out of the low on the 9th -- very cute a-b-c out of that. This would mean we are into a second leg down since the end of that flat on the 17th. (As an aside, the INTC drain is quite something.)