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: bobby beara who wrote (52105)	5/25/2000 4:11:00 PM
From: HairBall	Respond to of 99985

bobby beara: QCOM looks like it is going to test that Nov gap sooner than expected. Hope for QCOM longs would be for the NAZ to get a sustained rally going. Regards, LG

To: bobby beara who wrote (52105)	5/25/2000 4:13:00 PM
From: Saulamanca	Respond to of 99985

Bobby, JDSU struggled all day with it`s major down trend line from the 3/7 peak. The Naz TICK had a bullish divergence on the drop today.

To: bobby beara who wrote (52105)	5/25/2000 4:40:00 PM
From: pater tenebrarum	Respond to of 99985

Bobby, CMB has been a big speculator in Nasdaq stocks, and i had a feeling that easy Al's recently issued warnings to the banks about the risks they have been taking on was in part directed at CMB. imo a bank should not engage in speculation, even though CMB can probably afford to take the risk. however, banks are one of the back-bones of the financial system infrastructure, and as such have perhaps certain special responsibilities. the recently repealed Glass Steagall act was after all born as a result of the bursting of the 1920's bubble, a lesson that seems to have been completely forgotten. Japan is a good example for the consequences of the banking system taking on too much risk during an asset bubble. that said, the US banks seem by and large a lot more solid than the Japanese banks were...anyway, we'll probably have to wait for a recession to see how many skeletons are in their cupboards. re. charts of Dow stocks, it has been frequently observed that the lack of synchronization between the major indices made interpreting 'the market' a difficult exercise...one always has to specify what one means by 'the market'. well, this line chart of the Wilshire 5,000 speaks volumes imo, and is the best approximation available for the market as a whole: csf.colorado.edu look at it, and tell me what you see...:) regards, hb