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 : Technical analysis for shorts & longs
SPY 690.270.0%Dec 26 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Return to Sender who wrote (40115)8/26/2003 3:54:20 AM
From: Johnny Canuck  Read Replies (2) of 69261
 
September will prove to be decisive for the next few months. Everyone is sniffing for signs of a turn.
I don't think anyone knows which way the break will come.
We have:

Pro:
1) Semi Fab utilization rates at 85 percent
2) Consumer with record free cash flow due to low mortgage rates
2) Bush and the republicans willing do anything short of selling their souls to get the economy moving in advance of the election next year
3) Intel suggesting an uptick in consumer PC demand and some small business demand
4) Low estimed EPS numbers as most companies will be effected by the seasonal shut down in Europe

Con:
1) Still no sign that big business demand is picking up
2) More muted demand coming out of Asia
3) Consumer debt increasing
4) Slight uptick in consumer bankruptcies

I think the key is to continue to focus on short term trading or stand aside or trade the break in September once the street comes back. Remember the first few days back after labour day will be a head fake. I think there is a real danger trying to predict the market direction too far out right now.

Short term I am just looking for a Fib re-trace of the move from 1640 to 1812. We got the 32 percent re-trace today.
Now looking for a bounce and a possible test of the 0.6812
level at 1694.
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