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 : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (34248)	4/26/2000 7:03:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Bear markets, and even major corrections don't move down like bull markets climb up. They zig-zag up a bit and then down some more until it finally bottoms. With the FOMC raising interest rates again the middle of May. I would doubt we hit bottom before that. But that still leaves a lot of 2-three day reversals (up) to play, like with CMGI. The thing to remember is to bail at the toping, as it is better to get back in a few days late for the next bounce, than believe anyone can pick a bottom. As for the old school NYSE large and mid cap stocks, yes, I expect them to be on the watch lists for a bit. They have been showing up a lot, and that is generally because money is still moving to more stable sectors and tickers, and particularly those that have predictable earnings or no earnings announcements in the near term. It will be interesting to see what happens with CPQ today. lastshadow