SI
SI
discoversearch

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 Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Justa Werkenstiff who wrote (9567)10/29/1999 9:15:00 AM
From: Allan Harris  Read Replies (2) of 15132
 
but the market does not care

As usual Justa, you have accurately if not incisively cut through a lot of noise to identify important fundamental warning signs that continue to haunt this market.

Naturally, I have a different spin:

All, or at least most of this has already been factored in the market and is evident by the lackluster YTD performance of the broad market and the bear market performance of the advance-decline line. If it is true that the market looks out six to nine months and reflects conditions prospectively, then current and near term fundamentals may account for this generally mediocre market performance. But what is the market projecting for the next six to nine months?

Awhile back you posted that you had purchased Point and Figure Charting by Tom Dorsey, in fact, as I recall it was from Buy.com. I don't know if you have read and familiarized yourself with this analysis technique yet, but I continue to maintain that it is worth the effort for anyone participating the market. The current condition of the various Point & Figure timing indicators, specifically the High-Low index, the DJ-Bond index and the NYSE Bullish Percent Index are all at levels from where Major rallies have begun in the past. My own bullishness on this thread in the past few weeks is due in part to these patterns.

There is no guarantee that we won't crash and burn from here, or that we won't continue to grind lower, but I think that despite the problems that you have identified in your post, if the market starts up and makes higher highs and higher lows, the very tradable probability is that we are back in full blown bull market mode.

As for me, I have to go into town today to get a haircut. I tried all of the Internet sites and not one of them offered this service over the net. Perhaps and opportunity?

A@virtualhairstylists.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News