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 : Stock Attack II - A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: StockOperator who wrote (1733)3/3/2001 11:35:24 AM
From: StockOperator  Read Replies (3) of 52237
 
The way things are shaping up I would say that next week is the most critical week of the month. I think if prices are going to hold this critical support they will do so this week. If not then I believe prices could slide hard into the FOMC meeting. As far as the charts are concerned I wish they were more telling. This past week has left incredible divergences across the tech landscape with some stocks that look poised to head higher. Let me repeat that they LOOK poised to go higher. The overall trends are still down, however, if stocks are going to try to stop the bleeding, this coming week would be a good one for prices to try and stabilize. The reason I have my doubts about their ability to do so is the way prices closed at the end of the month. Look at stocks like CSCO for example (which btw did not close well for the week). The close last month usually dictates a continued (substantial) push lower the following month. My bellweather AMZN has yet to really crumble. Even if stocks manage to hold here I still do not see a whole host of major players moving until this quarter is over with. That would include many of the chip stocks that WS says should be one of the first groups to lead us out of this. I think it's wise to watch carefully how things play out early and let the market dictate which way it wants to go.

Have a good weekend.
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