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 : Zeev's Turnips - No Politics
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeff who wrote (58837)4/29/2002 10:02:21 PM
From: Mike M  Read Replies (1) of 99280
 
It isn't that simple Jeff. Yes the stocks were in a decline. They were not necessarily going to 1385 by September. Maybe they would have gotten there by February or March or October 2002 or whenever and maybe in another leg of this bear. Stocks might well have found support in the 1600 area for a few months rather than 1380's...Who knows. Not me and not you.

Furthermore, there was plenty of damage done to companies as a result of the following week(s) of economic inactivity. Many companies were hard pressed to overcome the drastically reduced revenues.

You can pin all the credit you want on technical. But, it is just a tool. Someday it will do something that you won't believe it should and will be left with the same dilemma we all face on occasion. What the hell do I do now?
That is the one thing you can count on.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News