The Naked Truth - Big Kahuna a Myth 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.

Pastimes : The Naked Truth - Big Kahuna a Myth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cynic 2005 who wrote (244)	12/3/1997 9:56:00 AM
From: bobby beara	Read Replies (1) of 86076

Mohan, S&P, NYSE, FTSE, all sitting on upper resistance bands and the NaZ just fell off it's upper resistance band yesterday. The NYSE McClelland Oscillator had a very small rate of change yesterday and has indicated a large move (1-3%) in the major averages in the next 2-3 trading days, since I've been following it. It also is sitting right at the point of the October 8th peak. With the techs leading the way down, I would be betting that move would be in the down direction. Altera has been one of the most consistent earning performers in the tech sector. Get out the stretcher -g- I think a lot of traders are walking wounded already -g- I would think the market would have to test 7350 at least one more time before any rally can continue in earnest and there is a cycle low coming in the 3rd week of December. A flat day today would also give us the price point shelf in the 8010 area that compares to the shelf prior to 87' slide. Santa Claus rally for bears? -g- or Myth again? -g-

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next