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 : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Amigo Mike who wrote (8985)9/22/1998 11:13:00 PM
From: Magnatizer  Read Replies (1) of 29382
 
Amigo Mike

I feel the small caps are going to take the lead when the next bull leg up resumes. At this point I see the short term rally nearing its end across the board. I think by this time next week we will not be trading in or above the current areas on any index I track.

The nas has one more day to impress me. It must be strong tomorrow or its breakout of the downtrend is a false one. The S&P 500 had better stay above 1025.5 tomorrow or my technical target for it becomes 1004 tomorrow 1005.5 end of week.

The R2K has broken its downtrend and does not look to retest it because it was soooo step. IF it does retest its downtrend we are all gonna need some dramamine and a 6 pack of natures finest. Right now the R2K is ahead of the pack in its timing of bouncing off the bottom and breaking through downtrend resistance.

Keep in mind that this could all change in OCT. The dreaded OCT. I read on the ATPX thread yesterday something I did not know (and have not confirmed). New rules for mutual funds make them do their tax loss selling in OCT. Gee, how nice. Looks like the ultimate buying op is just a few weeks away. Perhaps we can celebrate in SA and talk of the great deals we swiped off the suckers who sold APCO.

ht
david
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