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: William H Huebl who wrote (43149)	8/24/1999 6:05:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 94695

Bill, agree with you on that - btw, several indices have now surpassed the 0,78 fibo retracement level and that suggests that the final blow-off is well underway. i am looking for Dow 12,200 as a minimum near term target, perhaps even higher. should we blow past 13,000 on the Dow, i think a giant melt-up to perhaps 18,000 is in the realm of the possible. of course the market could just as well melt down, but the odds increasingly favor a melt-up imo. in typical late stage mania fashion the market now ignores interest rate hikes and continues to narrow. i expect the concentration of speculative capital in a smaller and smaller group of stocks to continue and power the indices higher. no doubt it will end with a crash more spectacular than anything we have ever seen, but for now look for higher prices. in the next few days we may get a post FOMC hangover pullback, thereafter it'll be off to the races again... regards, hb