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Strategies & Market Trends : Market Direction Predictions and BS guesses -- Ignore unavailable to you. Want to Upgrade?


To: SBHX who wrote (131)5/31/2000 8:46:00 AM
From: the Chief  Respond to of 234
 
We should have a pullback with consolidation in the 3360-3400 range, which would be extremly healthy today. My original thought of the bottom being 3360 and the market visiting 3390 occassionally but sustaining 3400+ was posted on the other thread, which by the way LG the moderator has excluded me. Thats generally because he only wants to hear "bearish" indications and doom and gloom scenarios only, which of couurse supports "his" position.

I honestly believe the trading range this market wants to remain in is 3400-3650 and if we close the week out above 3400 I believe that will solidify this "momentary" bear and we will embark on the next stage of the bull.
Message 13668402

Just so all of you know, I have "excluded" LG from this thread in retaliation for him doing the same to me. I am sure it will have no impact, just a point to be made.

Meanwhile anything above 3360 by the end of the week and this bear is over. We saw the first stage of the non-existent sideline money come into the market, after employment figures come out Friday, if they are good, then I will declare it officially over, and DEAD!

just another BS guess!

the Chief



To: SBHX who wrote (131)6/2/2000 8:46:00 AM
From: the Chief  Read Replies (3) | Respond to of 234
 
Bulls win again. Unemployment rose to 4.1% ...expected 3.9%...deminishing the chances of a further rate hike, the market is going nuts. Dow Futures up 165 and Nas futures 110

Hard to read these numbers into a chart...until after the fact. The other thread is already calling for a shortterm break in their "bear market" and forecast 3000 in the near future....woulda guess that they would still be bearish. Drag up another 30 charts to support the theory. The plain and simple truth is the investor will not capitulate "as dictated by the mutual funds and analysts". They used to run the show, now they have to follow the investor, they don't like that.

The problem with this is "Greenspam" is still obsessed with the market, so may just pull a bonehead move to attempt to control this perceived "exhuberance". I say once again, Greenspan has no business in the market, and it should not be one of his priorities to control it.

the Chief