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: Clappy who wrote (95373)	4/28/2004 2:29:46 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Clappy. Was just thinking of you. Those three maps you posted this past weekend... uh... none of them look good right here, do they? I'm now wondering if there's not another scenario. The rally off the lows is done. That was the complete "b/2" off the March 24 low. In that scenario, we'd be in the 3 of 3 or C down here. Yikes. I mention this cuz I see that so far today, assuming we don't bounce, we've lost some 50 dmas and gone below middle bollinger bands on a few indices. Volume's pretty good on this decline, too, though not earthshaking. Put call has remained low during the past few days. Everyone is talking about bounce scenarios. Other than there being record short interest as of April 15th, I'd say "no one is looking down" here. My comments about bios being potentially done here based on my NBI read got ONE response (thanks, MC!). GDP before the open tomorrow, I believe. Maybe we gap down in a 3 down... or gap up in a 3 up. Yowza. the freep