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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (37987)	3/6/1999 10:41:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

>>>bb, Isn't it interesting how trading ranges work. :o)<<<< Yes it is Berney, but we could have easily blown thru the bottom of the trading range this week and fulfilled the ugly looking bearish pattern at the top of a screaming tech parabola. However this maniacal market wants too crush every bear pattern and every bear (take note - short interest is drying of late) and thats why I started hedging my bets early this week. However, it seems we are doomed as humans to repeat the failures of the past, even the same one of last year (must be Galbraith's very short term financial memory -g-) and have a consolidation pattern in the oex and a bearish pattern failure in the nasdaq, then a run to new highs. The last high looked especially fragile with new highs absolutely vanishing, this set off the PITBULL sell signal, got Dan Sullivan out of the market, and many others. I had thought that this was too obvious to happen again, but then I underestimated the greater foolishness of humans and their need to drive the index up again so I could proclaim 4/1 Greater Fools Day II -g- I shudda thought from the emotional bulls perspective, rather than the analytical bears perspective. Fool me once shame on you, fool me twice, shame on me -g- Edit: the bears have one last short term chance here, if the oex/spx does not confirm the dow's new highs on Monday and has a volume reversal, right now I consider this a low probability and trading in either direction is low probability/high risk until this is answered. Edit II: this guy is very smart (because he agrees wid me -g-):http://decisionpoint.com/TAC/DohmenHotline.html bb