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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jay Baca who wrote (17503)	3/3/1999 7:23:00 PM
From: coug	Read Replies (1) \| Respond to of 44573

Jay, I can't.. I'm not surprised, since I indicated in my last post they might tank it and run it up on a short squeeze.. but I expected about half of the final run.. I sat there and couldn't pull the trigger.. so no harm.. no foul.. My primary indicators were oversold down here but with the sloppy action all day, I guess it sucked in a lot of shorts and they had to pay for their indiscretion. But I think GZ should share with us what he trades off of to pickem off at 18. (gg).. Thats the best shot I've seen in a long time.. I'm not sure with this action it is the start of a moon shot though. Maybe a little carry over in the morning.. and then sell off prior to the NEWS on Friday.. Good luck all

To: Jay Baca who wrote (17503)	3/3/1999 7:38:00 PM
From: SE	Respond to of 44573

Jay, I am with you. I don't get it. -scott

To: Jay Baca who wrote (17503)	3/3/1999 11:53:00 PM
From: The Jedi	Respond to of 44573

It really does not take much to get an index up. Most stocks are in technical oversold territory and specifically Intel and Dell. Late buying sent NDX up and the other indices just followed. Must have been a program buy in the last 1/2 hour. Just another perspective. Jedi

To: Jay Baca who wrote (17503)	3/4/1999 7:01:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

My guess is that the indexes were right at the brink of total collapse, yet still at major support. It looked like yet another successful test of that support. Who knows how many times that support level can take continuous attacks without finally surrendering, but for the meantime..... The bonds may indeed be at or near a turning point and the equities may sense that..... also, many stocks are way overdone on the down side, sort of like an internal rotation of different groups. We may still break down or, if this is a sideways correction, these indexes may rocket skyward... I think the jury is nearing a verdict pretty soon..... Everyone is expecting a correction, that's the prevailing market gossip, so the surprise can be a rally... this is what I'm betting on... but my stops are nearby.....<g> GZ