Stock Attack -- A Complete Analysis 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.

Strategies & Market Trends : Stock Attack -- A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (26176)	7/28/2000 2:31:27 PM
From: donald sew	Read Replies (2) of 42787

Dennis, As you know I am looking at a short-term bounce, in a downtrend. All those recent breaks to the down side in the many wedges and flags normally dont get resolved immediately. Look at the VIX. With all this selling, its only in the mid-20's. Keep in mind that it got as high as 40 this year, 65 in 1998 and 170 in 1987. So the VIX is nowhere near an important top right now. Im not saying crash, just either a downtrend with lower lows and lower highs or a tighter trading range at these lower levels. Plus the issue of seasonality is not favoring the long side at this time. Doesnt mean that some stocks are not near their bottoms right now, but they can also stay there for awhile.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next