Silicon Investor (SI) -- The First Internet Community

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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (18144)	6/22/1999 12:24:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Scotty, i have asked myself that question already, and my answer is: it could be, but it is not likely. the reason for this assessment is the way the market behaved since the april-may topping period. it is too resilient to indicate it's over already. i have looked at blow-offs throughout history, and they all ended abruptly and violently, with the selling much more intense than during the recent correction. it could be that the nutz don't regain their previous highs if a blow-off starts from here, but they should at least come close. in a blow-off, the most optimistic expectations are usually surpassed. to gauge what these expectations are, look at the target prices for stocks mentioned by brokers in the course of upgrades. based on this guideline, the extent of a true blow-off could be vast. regards, hb