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 : Z Best Place to Talk Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: chartseer who wrote (27462)12/24/2000 8:47:08 AM
From: chartseer  Read Replies (2) of 53068
 
FWIW/nothing
I see ahead a possible 8 days of rally in a Bear Market. Being this is a Bear Market I expect a fast and furious rally. I am not really sure it can or will last the whole eight days either. My assumption is based on present market direction "up" and the fact that after Tuesday, 2000 tax selling is over. History has shown that the last three days of the year and the first four of the next year are usually always up days. This plus the fact the market is bouncing from a very oversold condition has me bullish the next eight trading days. But let us take them one day at a time. I do not expect another bull market to begin right now because the technical damage done to the key issues has been just too great. It is going to take a great deal of base building first. It seems the weeks ahead are going to be a better traders market than an investors market. I just wish I knew how to trade.
Larry mentioned CMGI
xocharts.com

That is what most Nasdaq stocks look like. A long tail down. Of course these Long Tails Down are great to capture some of that retracement of those lLong Tails Down. I would expect from 1/3 to 2/3 retracement in most cases. For that's about all there will be. Enjoy while you can. If chartist are right in their belief that charts are 6-9 months ahead of the economy then let me quote Betty Davis from that 1950 movie Classic All About Eve. "Fasten your seat belts. We are in for a bumpy ride."

then again what the heck do I know?

chartseer
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