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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (30073)	12/14/1999 8:44:00 AM
From: IQBAL LATIF	Respond to of 50167

Interesting comments.. from some analysts... opposing views but good read... <<The distance from Nasdaq price to the 200 day moving average is at a record and when price falls that distance it will be at max speed ever as the max gravitational forces will be at work. It might be falling so fast and hard that it might just stick. What a thought? >> <<As you know, I like to examine the contrary viewpoint as well as the technical Big names stocks like (GE), (WMT), (HD), (MSFT), (INTC), etc. have investors starstruck, while most stocks are way underperforming. Probabilities favor further market weakness at this time and caution is advised. This caution applies to Nasdaq, especially recent high-flyers in the Linux mania which all appear headed much lower. Gold shares & the (XAU) bounced back a bit yesterday on increased upside volume. The group bears close watching today & tomorrow to see if something more significant and overdue is materializing here.>> <<. The Utility average is very oversold, so, over the short term (2-4 weeks) it is likely we will get a bounce back towards 290, but then it looks to me like a continuation of the bear market that started in June. That would not be good for interest rates as the Utilities are traditionally a pretty good harbinger of what's to come in the interest rate area. This ties in with a market that has enough gun power to continue it's meteoric rise into the beginning of 2000. As I stated last Wednesday, I can get a count to 12,400 before the DJIA sags. I suggested keying on Microsoft and Intel, as they have been non-additive to any average since the summer and are starting to look like they can get into this mad house. Clearing $97 on MSFT and $82-84 on INTC, will get the shorts jumpy and sell-side analysts to reiterate buy recommendations. So key on those two names to get a near term sense of whether we can trade north of DJIA 12,000 on this leg.>> Look at COO, a lot of upgrades...