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 (1008)	9/25/1998 11:22:00 PM
From: Claud B	Read Replies (2) of 1267

**CHARTS UPDATED** Another wild week! More to come....I think. 1. Bonds & the Dollar......I've been expecting lower interest rates and I think we're still going lower. (Higher bond prices.) My target on the long bond is 4 1/2 %. Meanwhile the dollar looks shaky at best. This weeks Fed meeting IMO will do the following to the market: 1/4 point drop....already built in and market will decline. 1/2 point drop.....strong short term rally......No Change.....well, you fill in the blanks. 2. The Russell 2000 continues to show improvement and I think will do better than the rest of the market once the third quarter window dressing ends this coming week. 3. The comparison of '87 & '98, if it's to continue, looks to me like there's a pullback coming to perhaps the 7600-7700 area. 4. The Summation index is about to cross the last of the four moving averages. (50 m.a.) To me, this is not a buy signal.....yet....as I like to see all four averages pointing UP. I can envision this happening down the road (after a near term market pullback allowing the longer term averages to at least flatten out) 5. The VIX has entered a higher trading range and this will probably continue. 6. I see the Yen stalling and probably pull back sharply. This will not affect the Dollar Index too much since the yen is NOT a major component of this index. (most heavily weighted to the D-Mark) 7. Crude oil has reached my objective and I look for a correction here over the near term. 8. This week I've added the Gold futures just to show how nervousness in world markets is affecting this "forgotten market." Look for this rally to continue. Perhaps to $320. Good luck to all in the coming week and beyond. 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