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 : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (6701)	1/12/2003 9:24:06 PM
From: robert b furman	Read Replies (1) \| Respond to of 207041

Hi Rich, Some interesting market developments: Naz closes over its 200 moving average - first time since March 02. Commercial longs exceed exceed shorts - while the small guy MOMO short guru's are almost twice as short as they are long.Not many contraians at work here huh? vtoreport.com Although it doesn't give a time reference IBD said in tomorrow's (Monday) paper that the short interest ratio in the NYSE hit A FIVE YEAR HIGH @ just under 7%.Granted December trade was slow so that might run the number up a little higher than normal. Looks to me like the follow thru's of last week ,in all three of the indexes,could well drive a little short covering to make this rally go a little further than it might otherwise carry in this anemic recovery. The fourth year of a bear market,and the positive earnings start in earnest with next week.The last 30 days of confessionals were marked more by positive surprises than negative misses and we have a record percent of small investors going short. Souns like a setup for a bear fry to me. I thought the reversal after the horrible employment numbers ( a lagging indicator with real fear inducing impact)said it all - UP ON BAD NEWS - That is not what this three year old Bear Market has been made of. The worm has turned and I hope to see your epicenter of wave three real soon!!! Bob Last but not least there are some very healthy new tech breakout happening: siliconinvestor.com Some good new PRODUCT LAUNCHES WE ALL COULD UTILIZE AND ENJOY :http://www.cnn.com/2003/TECH/ptech/01/08/tv.car.reut/index.html TO DA MOON !!!!!