SI
SI
discoversearch

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: Perspective who wrote (62844)1/6/2003 3:51:48 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
I do believe volume is pretty lame (and have been saying so)..Doesn't preclude, of course, one more pump in morning, or if volume remains low, some flopping around for a couple days...but (IMO) this has been engineered beautifully by PTB (Powers that Be) during best time...and volume is needed to make this real

Also, have seen too many of these from the "old guard" to think a further rally here is real..these jokers have been run-over so often its not funny..

Message 18408169

A bit of a slide now...interesting final minutes



To: Perspective who wrote (62844)1/6/2003 3:54:48 PM
From: bcrafty  Respond to of 209892
 
bobcor, no you're not the only one

I think everybody has been watching the volume, but for the past 2-3 weeks it's been comparatively low (it was low during the late December decline, now it's low on the bump)

What are the logical levels where you see the momentum stalling? Many didn't think the rally would even get this far. I think most everybody with a halfway bearish bias is looking for the same thing as you are, but the question is when.

You might note that there has been no significant break on the upward trendline on the 60-minute Dow since last week's low. That break might be a first clue. Maybe tomorrow's 10:00 factory number will give us some direction.



To: Perspective who wrote (62844)1/6/2003 3:57:47 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
angelfire.com

Fellow Elliott types: How can one get screwed using this analysis? In other words, what is a perfectly valid impulsive count that takes you out of this trade?



To: Perspective who wrote (62844)1/6/2003 4:10:45 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
BTW, I do not think tech is done going up. I just think it needs to pullback. I see lots of tech charts missing another high.



To: Perspective who wrote (62844)1/6/2003 4:24:15 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
BC, the rally does seem rather poor to me, compared with the January bullish orgies we've seen in the last few years. The commercials covered a bit on balance on the last report. The dollar and bond continuing to tank bodes ill for the bulls. I'm haven't covered, but added some energy stocks (DVN, APC and UCL) as a partial hedge and non-AU commodity inflation play.