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: AllansAlias who wrote (87595)	12/15/2003 10:09:38 AM
From: The Freep	Read Replies (2) \| Respond to of 209892

You got a vote, AA? As usual, I'm torn. Max pain says we sell off in non-tech at least, but maybe we satisfied it last week. Lotta charts look pointed up (SMH anyone?). That said, the BKX still hasn't set a new high for the move, despite the OEX, SPX and INDU doing so. That's not a healthy divergence, imo. Of course, that can continue for sometime. I think for now, I'd vote for number 2, and I'm holding my SMH calls to prove it <g> the freep

To: AllansAlias who wrote (87595)	12/15/2003 10:11:40 AM
From: Shack	Read Replies (2) \| Respond to of 209892

Not filling the gap actually would not really surprise me (I assume you're talking only near-term). So I vote for #1. Don't worry 'bout QCOM, red already. Canary or anti-stock?

To: AllansAlias who wrote (87595)	12/15/2003 10:18:44 AM
From: Clappy	Read Replies (1) \| Respond to of 209892

Although I doubt you were looking for a poll, I'll chime in with my bet for #1. And I'm short GM since late last week so I hope I'm right that it all comes back down...

To: AllansAlias who wrote (87595)	12/16/2003 12:43:07 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Stopped out of MXIM earlier today. Teach me for going long something in the dessert zone. -g/ng Am I ready to say the dessert is over? Not quite. I do not mind watching for a spell. I have said for weeks that the next big/long-duration trade is a short trade. We have also discussed here the strategy of letting the first wave go by -- the alternative is trying to catch the top, and we know that has crushed many people since at least May. From an Elliott perspective, it is hard to see a crushing count here. When I have more time, I look forward to reviewing what folks have been saying on the board. After some boring months, this is a very interesting time.