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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (83861)6/1/2003 9:40:18 PM
From: Hawkmoon  Read Replies (2) | Respond to of 99985
 
Also, I heard somewhere that the amount of cash sitting on the sidelines was equal to about 25% of market value (for the DOW?.. or for total equity market?)

Normal is around 15% percent... Thus, a lot of cash is looking for someplace to be deployed.. And when that cash starts flowing, it will likely attract and draw more cash from bonds (raising interest rates), and creating a sharp rally in equities.. (even if still overvalued)..

It all depends on the combined short interest and how much pain the shorts can feel before they cover.. I haven't look at that kind of data recently..

Also, Euro is overvalued and ready for a heavy pull back.. That should attract cash from Europe..

Hawk



To: Hawkmoon who wrote (83861)6/2/2003 10:30:05 PM
From: Tom Pulley  Read Replies (1) | Respond to of 99985
 
But the weekly chart indicates you might have a chance to cover your shorts before you lose your shirt :0)

Hawk, it hit 100 degrees in Houston yesterday so shorts without a shirt is OK.

I like the looks of that QQQ candle today on good volume...

stockcharts.com[e,a]daclyyay[pc200!c33!i][vc60][iUi52,33,22!Ua20,26,9!Uj[$spx]!Ub14!Ug!Uc20]&pref=G

I don't really know if that is a meaningful formation, but at least it was down day! (vbg)

Tom