Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PMG who wrote (6071)	8/14/1997 11:01:00 AM
From: IQBAL LATIF	of 50167

DOW bull trend was virgin so far- shorts yesterday have deflowered and desanctified this uptrend, it is not the same anymore. We need consolidation and formation of a new V IRGIN trend up. PMG- will be interesting to learn why inner voice is giving you this signal, may be something to do with fixation. Very intriguing inner voice-please let me know- sentiments are an integral element of a big directional move- one thing I would highlight is that buying was simply not there when sell programmes hit the market yeterday, the ease with which sell programmes could decimate the bulls was not a good sign, normally 50 days should not have been violated, the shorts are revitalised on the floor and will hit back at an opportune time. I will think my level of break would be 939-41 on good numbers if market cannot go up what does it signals, it indicates that market is tired. At 870 on S&P I would think we will have a market with P/E's of 21.78 and a perfect support, I will like this to test lower levels so as DOW consolidates for a new sanctified and unadulterated 'Virgin' run of a bull leg.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next