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 : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (48384)	8/11/2000 7:45:45 AM
From: allen menglin chen	Respond to of 63513

MarketGate for August 11 Mark Leibovit Date: Fri, 11 Aug 2000 00:00:57 -0700 The negatives posted the day before yesterday in the S&P and SPY along with the Nasdaq and QQQ coming in the formed of increased downside volume created expected downside followthrough yesterday. The news background couple with a strong bond market and steady to higher Crude Oil prices, a relationship which has been playing out for a while. ... Though my Annual Forecast Model remains bearish, between the Democratic convention, a strong bond market and high bearish sentiment, I wouldn't be surprised by anything at this juncture. Looking at the SPY and QQQ, the bullish interpretation is that these indexes are now correcting their recent runup. With the most recent volume negative, however, I would wait for confirming upside volume before jumping on the bull wagon. Overall, it appears being on the short-side is the safer strategy insofar as most stocks are concerned, especially Nasdaq. As we saw in CSCO, traders are most anxious to hit and run with a 'damn the long-term' mentality. It's been a rough year for those who didn't heed the warning of the Annual Forecast Model, so I guess I don't blame them. ... Newmont Mining (NEM) upticked a little yesterday on expanding volume. An early sign of another rally in gold shares? Mark Leibovit vrsurvey.com