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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (17308)	6/11/2003 11:18:17 AM
From: J.T.	Respond to of 19219

Correction: Message 19022135 The previous post linked above should read SPX 940 - 950 (not SPX 840 - 850) and have noted the correction below: Dangerous cross-currents abound- Investors Intelligence numbers out today: Bulls 58.7% Bears 16.3% Lowest levels since April 1987. However, price action holding it together rather well- so far. Only SOX break and sustained suppression below SOX 370 (now SOX 372.50) and is confirmed by BKX break of BKX 860 (now BKX 868) will I feel good about this trade. If this scenario develops, the break will be on to SPX 940 - 950. Will the one hour opening numbers mark the commencement of the reversal?

To: J.T. who wrote (17308)	6/11/2003 11:30:14 AM
From: dvdw©	Read Replies (2) \| Respond to of 19219

Dangerous cross-currents abound- Investors Intelligence numbers out today: Bulls 58.7% Bears 16.3% Does conventional wisdom teach the broader community to fade these numbers? If so why? From my perspective this data corroborates the transfer of shares to channel partners is ongoing, that is not a fade. That is more like a fact worth supporting. Different Sentiment for different conditions; there seems to be an unwillingness to change methodologies based on changing conditions. Take UTSI for example, its breaking out this morning and why shouldnt it? They are kicking ass all over asia, in fact, Morgan Stanley issued a warning yesterday on several of their competitors because they just cant compete. Market share gains deserve higher valuations, especially when the trend appears to be expanding and business momentum is something that should not be triffled with. What I am doing is playing the suppliers for UTSI's network, those are SSPI for Soft switches and Gateway mods that interconnect the disparate parts of the networks, and PTIX who makes Server blades for Switches. The lions share of the investment community has not put two and two together to make 4, when the realization hits as to why UTSI is so successful it will embarrass a lot of gurus in the communications business. UTSI has a huge Supply Imbalance while these key suppliers are just plain way undervalued by all metrics of forward performance. There are only tactics being worked here, those tactics are what need to be faded, not some generalized summary of what is actually happening inside the trade. With all due respect, I find that the focus of the market should shift to measures of Investor Intent. See Accumulation in the face of market uncertainty as the only available truth serum by which a forecast can be made.