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.
Strategies & Market Trends : Waiting for the big Kahuna

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: William H Huebl who wrote (48721)10/7/2000 1:32:27 PM
From: Mark Adams  Read Replies (2) of 94695
 
Friday, the thought 'this time it's different' kept running through my head. The only obvious thing I could see was that the S&P500 was weaker, in percentage terms than either the DJI or Nasdaq indexes.

After looking at the nice charts in Barrons Trader column, it looks like the S&P500 broke support. Some very bearish looking charts in all, yet I saw continued strength in the 'ugly' cyclical stocks, ie AA, HON, DD, DOW. Sad, as I'd closed my positions early in the week to brace for new opportunities.

Will this time be different? Will we see a climax Monday- or another mini buying panic? Mixed signals make defense the operative keyword for me.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext