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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (49890)	5/9/2000 12:59:00 AM
From: el paradisio	Read Replies (2) \| Respond to of 99985

Marginmike, I don't think that Russel has bottomed: stockcharts.com!B200)(VC60)(IUB14!LA12,26,9!LC2) There will be a few small caps,which can bounce,but general picture is very weak. A stock picker market. Telecom and pharma looks interesting,but still questionable. Don't count too much on WCOM, resistance around 50,dead meat until the merger. QCOM,depends on China,but chart is weak. Naz may not go to 2500,but 2870 is likely and after,it will take time to regain the confidence. Everything is possible in mania,but I do not see 5000 for the next few months. el

To: marginmike who wrote (49890)	5/9/2000 9:18:00 AM
From: eichler	Respond to of 99985

Hi marginmike, Your opinion of the Russel coincides with my observations and monitorings of many Russel stocks. During the correction, most of the Russel stocks were extremely beaten in many cases back to the December levels from which they broke out up to stratospheric rises into March. Having been pounded to their breakout levels, these stocks are now forming bases - some are beginning new advances with higher highs and higher lows. Still, in what appears to be a very sick market, it is hard for me to imagine these stocks moving upward in any meaningful way , especially since many of these companies do not appear to even know what profits are. I view most of these plays as highly speculative, but that's what I like... different strokes for different folks, I guess. The game goes on... Sincerely, Eichler