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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (85496)	11/6/2003 11:28:02 PM
From: martin001	Read Replies (1) \| Respond to of 209892

I tend to agree with you. There are wedges on every index and all with negative divergences. Transports broke higher today but that could easily be a throwover. Many many signs that the top is very close. The nets which have led this whole thing are failing to make new highs. All kinds of junk is being run. And amazingly enough the semis are being run hard (because we all know that semis lead the market) <g> That "truth" is being pumped for all its worth. The last few days have had all kinds of good economic news and yet almost no reaction. Finally good news is not moving the market. The media is pumping the jobs number for tomorrow morning as the final clue that the economy is recovering although the Challenger report already laid that BS to rest. Frankly I hope they get that wonderful number they all expect and gap this bitch up hard. I could easily see it being sold-if not tomorrow then first thing Monday. I, for one, will not touch a long at these prices. Kinda surprising with such a pivotal day tomorrow there is almost nobody posting this evening. I guess we need to see a 100 point NAZ selloff tomorrow to get everyone out of early hibernation. Good trading all. Martin (looking to leg into shorts at the first sign of "irrational exuberance" or even more of it) <g>