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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (48878)	8/5/1999 12:20:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

DJIA completed 5 waves down at this am's low---at least as I count it--If 5 waves, then it suggests that after a rally retracing say 38%-62% of the drop from the top, a second move down will begin which will undercut this am's low. As I see it, we are obviously in the retrace part right now. --Solar eclipse on the 11th-could mark a strong move in either direction give or take 1 trading day...my 2c

To: SliderOnTheBlack who wrote (48878)	8/5/1999 2:04:00 PM
From: Jacob Snyder	Respond to of 95453

re: "tech rotation", "aol down", and "this is insane": Actually, it's just a rotation out of internets, not the whole tech sector. INTC, AMAT, CSCO (=techs with earnings) are holding up, so far. In last October's debacle, those highest-quality techs were the last to collapse. Yes, the market cap gained and lost in the last year by aol,yhoo, and amzn is insane. Another indication of higher labor costs today. Bull markets are killed by the Fed. I hate holding cash, and I hope I have the discipline to do so until the Fed has raised rates a couple of times more. This seems more and more likely. Cash will be the only safe hiding place if that happens. Not even OS, not even gold, will be as good as cash.