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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (2824)	8/31/2000 6:27:45 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

ld - my Naz guess ? ROFL This market will surprise everybody. Very short term: this market has rallied to soon and caught most of the professionals off - guard. Very short term, my opinion is that we will see an extended short squeeze on the SP500. To what extend ? Can't say, lost my glasses. Alreadsy posted that I consider last sessions action as a "distribution phase". This one could last for weeks ( or hours in the Internet age"). Big money is reaping the profits from an accumulation from Mar to Jun. Obvious marks are 4289 on the Naz, or 4083 on the NDX. I expect an extreme up-bid of 20% (if this is a market for shares and not a sheares market) at which level Big Money will take his toll. Have all-time highs broken on the Nasdas very short term. (2-3 weeks). Rally can end before those (optimistic) levels. I am exercizing my sell-finger in the expectation of a correction. Bottom of that correction depending on the high of this distribution rally, not excluding 1400ish on the Naz (yes. Possible. Ouch!, Thx gawd, politics will help, but still expectable in the 2001-2004 time frame). Choppy ain't it ?, but that more exciting: 1400 or 6000 in a month of here. BTW will veru soon start a new CyberBusiness: Sell-o-Finger.com. ROFL.