today's chart 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 : today's chart

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claud B who wrote (1005)	9/19/1998 12:48:00 PM
From: Claud B	Read Replies (2) of 1267

**UPDATED CHARTS** Another week has passed (they seem to fly by) and I see some better days ahead. Bonds continue to rally while the Dollar continues its decline. I really believe we're heading for long term interest rates in the 4 1/2 to 5 % range. Maybe even lower. If you're thinking about refinancing a mortgage, I would wait. As for the Russell 2000, it continues to hold above key support. This week I've added an additional chart of the Russell with an insert of the daily chart. I like formations like this and believe this index can rally another 40 or so points. My comparison of the '87 & '98 markets, if the similarity continues, cautions about the market on Tuesday, Sept. 22. The Summation Index continues to rally from deeply oversold conditions and I expect this rally to continue. I thought last week that the VIX would slow down. It hasn't....and probably will not for the immediate future. There's just too much going on in the world that will continue to create the kind of volatility we've become accustomed (?) to. I again posted the Yen and Crude Oil charts. For those not familiar with the currency markets, the chart of the Yen is a great lesson in volatility (if we really need another lesson.) As for Crude Oil, this chart is a good example of changes in trends. I think crude oil will head up to $16 @ barrel, or higher. Watch the oil stocks and oil service stocks. Hope you all rest up for another "quiet" week on Wall Street For What It's Worth: As a bull, I love the predominance of the gloom & doom sayers out there. I don't even feel lonely! Claud. -- pw1.netcom.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next