The Naked Truth - Big Kahuna a Myth Message Board

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.

Pastimes : The Naked Truth - Big Kahuna a Myth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: eddie r gammon who wrote (62256)	9/16/1999 8:34:00 AM
From: re3	Read Replies (1) of 86076

from www.goldminingoutlook.com KAPLAN'S CORNER: Question: What do you think of today's trading activity in the stock market? Answer: The intraday pattern of Wednesday, September 15, 1999 is one of the most bearish in all classic technical analysis textbooks. The Dow has probably seen eleven thousand for the last time until the year 2017 or so. The stock market has tried over and over again to rally and has failed to make any progress, with a sharply deteriorating advance/decline line and a collapsing ratio of new highs to new lows since April 1998. Having encountered such persistent upside resistance, the only possible direction for U.S. equities is down. Since the Dow touched 7000 in 1997 and 1998, it will likely do so again in 1999. As is almost always the case when U.S. equities suffer the majority of their decline after 2:30 p.m. (when gold stops trading on the COMEX), the XAU went down along with the rest of the stock market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next