Booms, Busts, and Recoveries 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 : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KyrosL who wrote (9847)	9/19/2001 8:27:45 AM
From: tradermike_1999	Read Replies (1) of 74559

The bond market also made a technical breakdown....falling bonds, dropping dollar, rising gold, rising commodities(not happening YET) is a formula that is BEARISH for stocks. Like I said yesterday technical indicators say we are near a short term bottom. Do you trust them when the markets are all out of wack? You have to put some credence in them and be extremly cautious shorting and tighten stops on any shorts you do have. To me it looks like - more interest rate cuts short term - to FORCE the market higher. A rally that will last at least 2+ weeks and take the NAsdaq up to 1700-1850, DOW right below 10,000 and then the worse crash ever. We'll see.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next