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 : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (52684)	8/10/1999 8:34:00 PM
From: Lola	Respond to of 90042

I agree . . . there's so much BS out there. You have to really watch your back these days. I don't watch those CNBC guys anymore . . . they just give me a headache. Lola:)

To: Tim Luke who wrote (52684)	8/10/1999 9:25:00 PM
From: stan s.	Read Replies (2) \| Respond to of 90042

>>>smart money bailed out of the market months ago...<<< I'll concede some smart money sold on technicals around July 21st, but months ago...? That would have been premature. Indicators on the major exchanges are weak, advance, decline ratios suck, the NYSE has broken support lines of some significance...BUT...while higher tops and bottoms remain in place, i.e., the Naz, it would, IMHO be a mistake to turn one's back on this market, without confirmation of significant break of support...and that has yet to happen on The Nasdaq or the NYSE. Close at times, but not yet. Individual stocks are a different matter..as support lines have failed they should have been dumped, but the market, hangs in there for now. IMHO a recovery looms as a possibility, this week is critical. Stan