Rande Is . . . HOME 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 : Rande Is . . . HOME

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: carepedeum2000 who wrote (31693)	8/10/2000 10:38:12 AM
From: Rande Is	Read Replies (5) of 57584

. . . . . . . MARKET ALERT. . . . . . . . . . Market making me seasick. Up and down and headed nowhere. CSCO, AMAT, PPI had no significant impact. . . CPI won't either. Do we flounder right into the FOMC meeting? Or could it be that because we had clear skies into FOMC and began to rally Friday and Monday. . .that a lid was placed on the markets to keep the retail investors from getting the best stocks on the cheap then driving them upward into FOMC. That would not benefit the Big Boys. And August is an easy time to control the markets, due to low volume. So I am watching for the selloff to widen and am not expecting a rally to start out of nowhere. I think we drift slowly lower for the next 2 weeks, erasing all the gains we made since August 3rd. . . breaking the narrow trading range we've been in the past 2 weeks. . .to the down side and break through the Aug 3rd low. . . Even though there appears to be no storm brewing, the bulls are having a siesta and are snoring instead of snorting. Meanwhile, I believe the bulk of the play action will be on the Dow and not the Naz. I think we'll begin to see moves in some sleeper sectors again. . . and general strength in the Dow, which will get the street all excited. . .may even be more word that Tech is dead. Don't believe it! The high fliers are still plenty high here. . .and need chopped down more, before they look attractive. Techs in general have been selling off since the 17th of July in the midst of earnings season. . . .selling off UNDERNEATH the leaders. . . while the Nasdaq COMPX and the NDX were green and not reflecting a selloff. We are down about 11% from the July high on the COMPX and nearly the same on the QQQ. But it is those smaller caps that we all tend to hold too many of. . .that sting the worst on such selloffs. . . if held in too high a percentage of portfolio. Never turn your back on risk. Getting more defensive. . .more short. . .pulling bear suit out of cedar closet for a while. Trading hoofs for claws. Unscrewing my horns. It's going to take Alan Greenspice to wake the bulls. Rande Is

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next