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: pater tenebrarum who wrote (52127)	5/25/2000 5:03:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

Bank Credit Analyst expecting a final washout in tech: No Capitulation in U.S. Tech Stocks, Yet (Thu May 25 14:09 2000) The sharp slide in U.S. tech stocks has not yet triggered a capitulation, even though losses have been massive. As noted in an Insight yesterday, tech indexes are still overbought (i.e. up sharply on year ago levels). Stunningly, the percentage of equity advisors who claim to be bearish has not soared, only crept up. During the 1999 market dip, the number of bears jumped, and the measure soared when the overall market declined 20% in the autumn of 1998. This resilience in the face of growing losses and clear indications that the monetary backdrop will deteriorate until the economy weakens, is a classic sign of denial. Conclusion: it is too soon to ?buy-the-dips?, the correction will not end until the percentage of bears is much higher.