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: kami who wrote (52067)	5/25/2000 1:15:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 99985

"Psychologically, Investors and market mind set and prepared to challenge NAZ 2800-2900 area " Seems to me, that's a pretty good reason why it won't happen. If "everybody" is anticipating 2800-2900, somebody is going to jump the gun. Right now, it looks like that is what happened. I agree that 2900 or so is where the technical support is. Psychology, though, is what goofed it up.

To: kami who wrote (52067)	5/25/2000 3:11:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 99985

There is no question that this market is still in the process of topping out and it will take quite a while for the whole thing to play out. Just take a look at the following new investment book titles : "Get Your Share : The Everyday Woman's Guide to Striking It Rich in the Stock Market" "The Millionaires' Club: How to Start and Run Your Own Investment Club & Make Your Money Grow!" "Teenvestor.Com : The Practical Investment Guide for Teens and Their Parents " "Girls Just Want to Have Funds : How to Spruce Up Your Money Life and Invest Like a Pro" What next? -- a "Do-It-Yourself Investment Guide for the Homeless"?! All these are signs of a topping market. They want everybody to throw in all their money into the market, and yet it is not going up. Next, they will try to get the Social Security money in there (and Wall Street is already salivating about it). But nothing can stop the coming decline. These are the very same things that Japan did 10 years ago, and today the Nikkei 225 index is 60% down from its 1989 peak...