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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BigBull who wrote (80639)12/3/2000 2:16:34 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
Big Bull:

I would add two things to look for.

Very oversold McClellan Oscillator readings. Now neutral for NYSE and just moderately oversold for the NAZ

10-day ARMS index over 1.30 for both NYSE and NAZ. I mistakely said that these levels were almost reached recently. Apparently those high readings were for one day only -- not the 10-day moving average.

My basic scenario is that the market bounces sharply when the Fed makes it clear they will ease soon and again when the election is decided. But those bounces will fail leading to real capitulation by the bulls. My downside targets are NAZ 2000-2200, Dow 9000-9500, and OSX 80-85 -- probably by early January.
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