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 (562)	8/10/1999 5:29:00 PM
From: Christopher	Read Replies (1) \| Respond to of 19219

J.T., The reason SPX got some support as you indicated in your memo today is because it is testing its 200 dma. I beleive that it will close below it in all likelihood and when that happen then capitulation will be at hand!!! Christopher

To: J.T. who wrote (562)	8/10/1999 5:47:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 19219

JT, we will have to see what kind of rally the bulls can put on here, intc sure looks toppy to me, it hasn't closed on it's high once in about two weeks, signs of distribution, also Heinz will tell you there are just way too many semiconductor bulls. bb

To: J.T. who wrote (562)	8/11/1999 9:05:00 PM
From: bobby beara	Respond to of 19219

JT, the bearishness finally kicked in, we must keep an open mind that this may have been a cycle low and the recent bearish comparisons to 1987, 1973 etc. may have put in a bottom, in 1994 the a/d line got very oversold while the indexes did not, we must keep this in mind when comparing this market to previous market tops, we must also remember that we put in a 4 year cycle low last year. the market will tell us in the quality of this rally and the retest. The nostradamas end of the world eclipse may have actually created a market bottom -g- bb