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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (33262)	11/12/1999 7:55:00 AM
From: GTC Trader	Read Replies (1) \| Respond to of 99985

<< the darn Nas has risen to a new record almost every day since rates bounced off the bottom and resumed their ascent >> In that case, maybe AG will raise the rates 5% instead of .25% and we can all retire very wealthy people and own our own island like that Tow Truck driver on TV !!! 8 - ) Seriously, compare the ten-day chart of the Nasdaq (plus ~10% in two weeks) with the ten-day chart of the Dow (minus ~1/2% in two weeks and minus ~2 1/4% from the opening burst five days ago). Do these charts look anything alike? Do they even look like they could be the same two week period? I read somewhere that when speculative issues are rallying while the larger stocks tread water, it is time to be careful. Furthermore, the stocks show a lot of weakness at the end of the day. This trend is especially clear in the Dow Chart, but is even apparent in the Nasdaq which is up ~10% in two weeks! It looks like it is getting ahead of itself and has trouble holding on. Then it gets a good night's sleep and repeats the process the next day. Looks kinda fishy to me. Could big money be manipulating the futures so the market jumps in the morning, allowing them to exit large positions, which in turn pulls the market down? I am afraid that this might be the biggest Bull Trap in the biggest Bull Market the world has ever seen. Then again, in this New Era, trees may indeed grow to the moon and pigs might fly. I am getting increasingly skeptical that they can keep this game going on much longer. I am also very concerned about naive investors taking the plunge into the market headfirst just before the music stops and all the chairs disappear. 1930 was ugly. With the huge debt in our system and the incredible, unprecedented derivative exposure we have today, 2000 could be much, much worse, ... , even if we are Y2K OK. (I'm still waiting for someone to publish a book called, "I'm Y2K OK, You're Y2K OK".) Happy talk can lead to disaster if it blinds us to reality. The following article suggests that whatever AG says, the market will rally. This sentiment seems pretty toppy to me. cbs.marketwatch.com Isn't the sentiment always brightest at the top and always darkest before dawn? Right now, the future is so bright, I gotta wear shades! (To Put it mildly!) I don't know what AG will say that could burst Wall Street's bubble, but I agree with BB that a sizeable down day in the Naz may be imminent. We may know in less than a week! The market may rally on AG's news, but then what? For how long? ...