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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (42942)	8/11/1999 4:37:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 94695

Susan, as i have said before: in a 'normal' market, oversold conditions almost always lead to a rally. yesterday's downturn produced a fear spike in the put/call ratios, and unless the market really crashes, a sharp rally is a natural consequence. you must not make the mistake of equating the consensus on the technically oriented SI threads with the general consensus, which has turned quite bearish recently. however, the correction has once again done NOTHING to remove the excesses in the market, except perhaps in the nutz sector. there was no appreciable selling, only a lack of buying. so a shakeout at some point still looms. regards, hb