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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (46231)3/8/2000 1:40:00 PM
From: sandeep  Read Replies (1) | Respond to of 94695
 
Trade idea - Buy CSCO with SAR at 129.50 (If you SAR, put SAR at 130 again).

If CSCO fails at 130, it could easily fall to 120 in a day or so.



To: Lee Lichterman III who wrote (46231)3/10/2000 7:16:00 AM
From: robert b furman  Respond to of 94695
 
Hi Lee,

I agree. I have been a buy the dipster since june - oct 97.It has been a great ride and it is killing me to not participate.Sort of like those two vultures sitting up in a barren tree " patience my A$$ let's go kill something " Hhehehehe.

At this lofty point in time it is better to keep a perspective on the total market. I have a hard time doing that when active in a position.I'm still long 20,000 shares of kvhi that I have very little seed money in.So a neutral perspective is where I'm trying to get my head.

This market has huge divergences like the dow vs the naz. That's clue # 1. Going back in past markets suggests that a dip that recovers on huge volume in all markets but fewer new highs will mark the time to be harpooning. This rise should be marked with many divergences in the tech stocks ( I happen to watch the semi equip.co.). These divergences will be macd vs price , stochastics vs price , . I use worden bros TC2000 and it features BOP and Moneystream that I've found to be most valuable. The adx macd stoch and momentum on SI charting are good also. They can be highlighted which enables input from resident guru's like: yourself, GZ, and Bull Ridah.

The trip down will be fast and awesome.The combined effects of fuel prices and interst rates will (with a time lag ) have an effect.I think the article noted by John regarding the government excluding the impact of oil increases is for real. I just spent two days buying used car at an auction and sport utiliy vehicles are more affordable than I have ever seen.Don't know if it is because of the all new models or fuel prices.I could have purchased nice suburbans all day long at loan +/- mileage deducts with no adds at all!!!

As a dealer higher fuel prices and interest rates are a scenario that can pent up business very quickly. My inventory is intentionally low and lean .

This turning market remains in the future right now.Distribution requires time as accumulation accumulation took years as well.

Meanwhile the volatility of a distribution top is for the full time nimble traders of which I could only hope to be lucky with. Hehehe

Keep the powder dry our obvious moment is out in the future.

Bob