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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (431)	8/6/1999 4:48:00 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

CRASH ALERT ISSUED FOR NEXT WEEK AND LASTING THRU SEPTEMBER Any poitical, international or world event that may occur over the weekend after the Wall Strreet Gurus have had time to digest what has happened today, this week, these past several months leading to this point is deemed this: NOTHING MORE THAN THE MARKET LOOKING FOR A SCAPEGOAT OR AN EXCUSE OR A FINGER TO POINT THE BLAME TO; IF A CRASH DOES INDEED MATERIALIZE NEXT WEEK OR ANYTIME SOON THEREAFTER. Mr. Greenspan has been issuing warnings dating back to 1996, albeit more quietly and between the lines, these days . THE REALITY IS THIS: DETERIORATING MARKET BREADTH, LIKE ELVIS PATTERSON, IS BURNT TOAST FOR THE STOCK MARKET. THIS HAS BEEN DEVELOPING SINCE MAY 97', AND HAS BECOME IMPERILOUSLY MORE AND MORE EVIDENT IN THIS PAST WEEK. ALL YOU DIPSTERS WHO WANT TO BUY NOW, DO SO AT YOUR OWN DISCRETION. YOU CAN HOLD THE BAG OF TOO MANY STOCKS BEING CHASED BY TOO FEW PLAYERS WHO ARE NOT WILLING TO STEP UP TO THE PLATE AND BUY AND HOLD THEM. The pits mirage game is over. ESPECIALLY, WHEN AN ADDITIONAL 20% POTENTIAL DISCOUNT SALE IS RIGHT AROUND THE CORNER. I am going to put up a MITA INDEX this weekend and compare it with June 28th, right before neutral bias spam, to give a clearer TA picture of where we really stand. As our friend Arnold Schwarzenegger would say: "HASTA LA VISTA, BABY". Best, J.T.