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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS -- Ignore unavailable to you. Want to Upgrade?


To: Andy Yamaguchi who wrote (140)2/13/2000 12:20:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 428
 
Agree that DOW might be able to be bought ealry this week but I wouldn't hold it past Wednesday's close or Thursday. You can probably buy it back again in a couple weeks but the 18th is likely to start a bad time in the market. JMO

Trying to make longer term predictions is hard but I think up this week, then down for a few weeks then up again into the spring, flat then down down down down.

Don and I were talking it over and he is seeing much of the same, we only disagree on magnitude right now and it is too early to really know for sure either way.

Good Luck,

Lee



To: Andy Yamaguchi who wrote (140)2/13/2000 9:15:00 AM
From: donald sew  Read Replies (1) | Respond to of 428
 
Andy,

>>>>> But it is has only 450 point to reach last OCT low. I think it is quite safe to buy if the DOW drop another 200 points. I don't think that the dow is go any further lower than the last Oct. 's low. Last Oct. at around 10000, there are strong institution buying. I will go into long next week no matter what happens. I will sell every thing around April 10. <<<<

There are 2 support areas for the DOW, one at the 10,300-10,350 range, and the other in the 10,000-10,100 range, and I also feel that one of them will hold.

I just finished my INDEX UPDATE, which is somewhat in line with your thoughts.

Its interesting to note your APRIL 10 date, since that is around the 3-month point of the 9-month cycle. The old belief is that that in a bearish market the 3-month point (APRIL 6) is near the top of the 9-mont cycle while in a bullish market the 6-month point(JULY 6) is near the top of the cycle.

Also we have the seasonal factor of buy in NOV and SELL end -April.

seeya