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 : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Clint E. who wrote (17842)10/1/1998 2:34:00 PM
From: space cadet  Read Replies (2) of 69827
 
Hi Clint, looks as if Favors predictions might not sound so far-fetched. A retest of the 7400 low would be completely normal of course. It remains to be seen if his bearish indicators that forecast 6700 come true. One thing that is really confusing me here is that I am utterly convinced that the usual suspects, i.e. aol, yhoo, msft, dell, emc will beat earnings estimates as usual, and csco will probably beat by a penny or two. Given that these earnings are due in another week and then continue for the next month it's hard to see how the Nasdaq at least could continue to fall even thru these great earnings numbers. That has never happened, at least never as long as I have followed the market. If that happens then no doubt we are in a market which I have never seen before, a true bear market. But I have difficulty believing that the usual horde of investors/traders/big boys will not rush into say msft or dell when they announce great earnings. I hope we can really crash here in the beginning of Oct so that we form a bottom and everyone can get back in at great prices. But I don't think the market will make it that easy for us. I suspect there will be a ton of volatility this month and massive confusion. I still plan on playing the market leaders, as they definitely will not go down without a fight. But I want to be careful, we may very well be at a historic turning point...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News