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.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (315)8/6/1996 1:36:00 PM
From: Gary Burton   of 132070
 
Hi Mike-just found this locale on SI even though I had been using SI for the Semis and Computer parts for some months. Prodigy's Money Talk sure getting boring...since you disdain tech analysis so much, I just can't resist adding a few comments on the semis from elliott Wave basis--which is NOT technical analysis (e.g. I could care less about support and resistance, trend lines RSI etc)---- 1) The bear market is only about half way over,, BUT... 2) This bear market is pretty close to the end of the initial (A) Wave decline --to be soon followed by a countertrend (B) Wave rally which will retrace 30-50% of the (A) Wave decline----since the A Wave for many stocks has already gone down 67-80%--the B Wave rally could well result in many of the deeply depressed issues to double off their lows (and still be in a bear mkt longer term)! 3) Once the (A) Wave completes 5 sub waves down (we are currently in a wave 4 rally with one final sunwave 5 down to new or same level lows)---the EW theory says that the stocks should retrace at least up to the vicinity of the Wave 4 top of the (A) Wave--- 4) The Wave 4 Tops on many stocks would produce large gains and still constitute only a 30-50 retracement of the entire (A) Wave down which started last July/Aug. Examples are - MU..39.50 Wave 4 Top IDTI...16.25 Wave 4 Top CRUS....25.25 Wave 4 Top the list goes on an on. 5) In essence, Fred Hickey and you will likely be right overall--but --if I were you, after this current little blip up on MU goes back to 16-17etc I would be inclined to go long for good % gains--recognizing that once the Wave 4 Tops are approached--and imo they will be---the Second part of the Bear Market will resume with a vengence. regards
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