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 (30557)	1/31/2000 12:25:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

1392 resistance on the SPH 1348-54 support, 1320 short term objective.. the gap would be filled, a second close below 10850 on DOW sends initial medium term sell signal.. objective as low as 9800.... The market needs to build a lot of cushion for new hikes expected to be in excess of .75% in next three months, the problem is that market is coming out with great earnings but the economy is firing on all engines and now the market wants the evidence that monetary policy fine tuning can work to slow the economy, the 'productivity gains and corporate profits' provide evidence that relationship between interest rates hike and cooling of economy is breaking down and that is real worrisome event, like inflation employment breakdown this new realisation has all the potential to give strong jitters that may shake this market further... overall negative until 1428 is crossed short term rallies presently difficult to sustain...