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 : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (2612)	2/17/2003 5:13:11 AM
From: sun-tzu	Respond to of 11447

that could be interpreted as a bullish divergence. not taking a stand, just pointing to a different spin. mike

To: LTK007 who wrote (2612)	2/17/2003 9:00:46 AM
From: Lone Ranger	Read Replies (3) \| Respond to of 11447

max, Nice charts. Looks like a 21% gain from Oct lows. Slope of this new decline and percentage of this new decline are less than either July or Oct. Imo, you need to filter out Sept 01 decline as exogenous and not the same animal. Because of the gentler slope and less absolute percentage decline from previous high, makes me think this bounce will not be as strong as from the July or Oct lows. My research indicates most significant market bottoms are usually identified by a large number of new lows. But in the current case prices will have to fall below Oct lows before the number of new lows will begin to expand significantly. But the percentage of stocks above their 30 day moving averages has dropped to about the same levels as happened in Oct 02. So to me looks like we will have a bounce but the probabilities suggest that it will not be as strong as either July or Oct and also suggest that it will not be the start of a significant and lasting market advance. A trader's dream<g>.

To: LTK007 who wrote (2612)	2/17/2003 9:03:18 AM
From: orkrious	Respond to of 11447

spx is a looooong way from capitulation that's a great chart, max. it makes me feel much better about the shorts I put back out friday. thanks for posting it ork

To: LTK007 who wrote (2612)	2/17/2003 9:21:15 AM
From: Softechie	Respond to of 11447

Da Bulls and Da Deers will get creamed this week IMO...there's little volume last Friday and probably due to shorts covering...

To: LTK007 who wrote (2612)	2/17/2003 10:03:04 AM
From: steve from ihub	Read Replies (1) \| Respond to of 11447

Hi Godfrey, This is my take. We are not going to see the extreme values on this selloff that many are still looking for. We are entering a trading range more or less for the next who knows how many months. we will go up. we will go down. lather rinse repeat. I have been forming this opinion over the last 3 weeks or so. You may get it as the GEO pol crap is a huge factor in markets and who knows what a war would do to markets. surely not me. But my opinion is that not this go around at least. im now going back to the lovely fun of matching over 300 stock and option transactions and pulling what remainign hair out that i still have s