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To: AllansAlias who wrote (70450)4/4/2003 3:27:55 PM
From: Doo  Respond to of 209892
 
Shhhhh! Geez! ;)



To: AllansAlias who wrote (70450)4/4/2003 3:46:48 PM
From: _scar_face_  Read Replies (1) | Respond to of 209892
 
Dude, *we* don't have day jobs.



To: AllansAlias who wrote (70450)4/4/2003 4:21:57 PM
From: yard_man  Respond to of 209892
 
>>What a load of nonsense one can read on this thread<<

<g>

why should this thread be any better than the rest of SI??



To: AllansAlias who wrote (70450)4/4/2003 4:31:17 PM
From: yard_man  Respond to of 209892
 
>>* everyone is looking up<<

I've seen you make similar statements regarding sentiment -- these threads are worthless for sentiment. It's a microcosm --

But why so down on everyone else today?? You can have a more eclectic group if you want to set up a thread and ban people -- like Luc <ng>



To: AllansAlias who wrote (70450)4/4/2003 5:42:04 PM
From: UnBelievable  Respond to of 209892
 
That Part About The Market Soon Going In The "Right" Direction

Is pure fantasy, what's the problem with the others? <gg> & <ng>



To: AllansAlias who wrote (70450)4/4/2003 5:43:51 PM
From: NOW  Respond to of 209892
 
Hey: you miss the <G> in my PPT post?
This from Schaeffer:
In addition to this technical trouble, the Dow may be running into some options-related resistance on its two tracking stocks – the AMEX Diamonds Trust (DIA – 83.37) and the Dow Jones Industrial Average Index (DJX – 83.21). The DIA's 10-month moving average is a tad below 83. Meanwhile, open interest at the 83 strike numbers 10,960 calls versus 2,759 puts. This discrepancy is even worse at the 84 strike, which houses 16,668 calls and only 6,066 puts. The story is much the same for the DJX, where calls outnumber puts at the 83 strike by 12,765 to 4,036 and at the 84 strike by 20,961 to 5,439.

This might not seem like a huge amount of open interest, but when you combine it with the technical resistance mentioned above it makes a pretty high hurdle for the market to overcome. Of course, all of this could be totally irrelevant if developments in Iraq continue to be positive for the coalition forces.

One other interesting note is the action on the CBOE Market Volatility Index (VIX – 32.02). The VIX has closed between 32.10 and 32.18 for four of the past six days, and has spent much of today in that range. I can't find a period like this anywhere in recent history, so I'm not sure how to interpret this consolidation. One thing I did notice was that yesterday's low was 30.49, which was very close to the VIX's August 22 bottom (30.44). If you look at the charts below, you won't need to find the date – just look for the highest point since last July. August 22 marked the beginning of a broad market decline that lasted until October 10.



To: AllansAlias who wrote (70450)4/4/2003 5:44:54 PM
From: NOW  Read Replies (2) | Respond to of 209892
 
Moreover, last i heard, you were carrying one position, a short in tech. Am i wrong about that?



To: AllansAlias who wrote (70450)4/4/2003 9:47:44 PM
From: bcrafty  Respond to of 209892
 
Allan, it's just a diction quibble

Instead of saying "the big boys keep taking us higher" I really should have phrased it "apparently the institutions are still accumulating." There. All better now. <g>

You're exactly right that we're being repetitious, but the market is being repetitious too. It' s all "their" fault that we're making these comments ;~}



To: AllansAlias who wrote (70450)4/4/2003 11:16:35 PM
From: martin001  Read Replies (1) | Respond to of 209892
 
Ah what a pleasant surprise

I know I know - this board is full of friends.
This is how you show respect and admiration. Ok

I remember the good ole days when you just traded for
a living - wiggle predications and all.
Took some time to argue a position or even help new
Ewavers.

Now it seems you just stop by to post the occasional
chart. But mostly to ridicule others.

A shame really. Perhaps I misinterpret your posts.
Do people up North say one thing when they mean another?
I am Canadian myself but maybe I didnt make out to your neck of the woods.

Alan - I started reading this board primarily for your
market insights - which I respect a great deal.
I know that many here respect your opinions as well.

I am sure my opinion means nothing to you.
And I will get the customary GFY. So be it.

But perhaps it would be wise to remember that all the people who post here have survived some very difficult market times. Survived where many have failed. Who come together to exchange ideas and - yes God Forbid -idle banter
and speculation. Who came here to read your market insights.

Perhaps the board deserves a bit more respect.

M