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: patron_anejo_por_favor who wrote (62823)	1/6/2003 2:18:02 PM
From: stomper	Respond to of 209892

And look at the index! But what does it meaaaaan? -dave

To: patron_anejo_por_favor who wrote (62823)	1/6/2003 2:19:23 PM
From: SeaViewer	Read Replies (1) \| Respond to of 209892

Tick has been constantly above +500 since Thursday.

To: patron_anejo_por_favor who wrote (62823)	1/6/2003 2:21:57 PM
From: 4rthofjuly007	Respond to of 209892

Anyone know where res. levels are between 928 snp and the aug or nov highs? Strictly anecdotally, it looks live we could have a decent short covering rally around here as most of the posts regarding going short that I have seen have been at 925 to 928.

To: patron_anejo_por_favor who wrote (62823)	1/6/2003 3:41:12 PM
From: Perspective	Read Replies (5) \| Respond to of 209892

JRI, patron, Shack, all - Am I the only one who thinks the volume behind this push has actually been pretty low? Calls flying off the shelves, commercials as short as they've been in the past six months, money supply stalling six months now, sentiment quite bullish. I still view the move off the Oct 10th low as corrective up, and I was waiting for it to stall. It did in December. Then, I said I'd wait for a significant retrace, and look for signs that the rally was false. Help me out guys - does this rally smell bad enough to you? Low put/calls, low volume, commercials shorting, VXN and VIX at seven-month lows. Am I missing something? Seems pretty clear to me, just waiting for the momentum to stall, looking for logical levels for that to happen, and awaiting the BKX test of 800. BC