Waiting for the big Kahuna 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 : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bull RidaH who wrote (32939)	11/2/1998 10:20:00 PM
From: Ross McEathron	Read Replies (2) of 94695

One thing everyone should remember is that this market has forged ahead strongly even in the face of massive shorting. What's going to happen if this market continues up and they have to cover their shorts to protect themselves. We could have a huge blowoff to the upside. I don't see any market internals that tell me we should have a huge selloff here. Could we have a profit taking dip??? Sure. Could it begin tomorrow or even this week. Maybe. We do have an election tomorrow and none of us can predict with certainty what effect that will have on the markets on Wednesday. A lot of people might get nervous and sell till the smoke settles. I myself don't want to see the huge gains made in the last month evaporate. That just means I will tighten up the stops on the stocks that look vulnerable. I have no intentions of dumping unless something drastic changes my mind....which could happen as early as tomorrow... :-) Ross

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next