Roger's 1997 Short Picks 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 : Roger's 1997 Short Picks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry Ricker who wrote (4248)	7/24/1997 12:38:00 PM
From: Jon Tara	of 9285

Yup, them's the dogs and cats - the second-tier companies. Traditionally, every dog has it's day in the final run-up of a bull market. (Some really doggy dogs may only get ONE day, but they will still get their day! :) ) The BEST thing that could happen for the bull market right now would be to pull back. The DJ30 has poked it's head above a trend channel which is already steep enough, thank you. Perhaps this can be forgiven if it pulls back now and it can then continue upward within the channel. But if it accelerates out of the channel here, I fear a blow-off top. I do expect the top to take several months to put in, though. This is not Zitel - it's the DJ30, a lumbering beast. At the same time, I note that the Nasdaq Comp is firmly in the CENTER of it's trend channel. It has quite a way to go before it is in the danger zone. Another reason to suggest a shift toward the dogs and cats may be in the offing.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next