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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (30800)	9/23/2000 9:05:50 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 42787

Morning Dennis.. will certainly check out the whites<g>... my problem is a simple one...if one is daytrading then we really have no bias...just what the day's trend is.. however..i do like to consider the major trend..it's not up... i have been saying i will short all rallies till proven otherwise..and this rally is no different.. we are obviously deeply oversold here...a technical bounce is due...for the DOW especially... but just looking a bit down the road here...i see nothing that says to me we can go up yet... if INTC warned, then others will too..as their earnings come out they'll be a large number of major co's warning about the next Q..negative... we have not bottomed yet i would guess..and i'd bet my shirt we'll test 1420 SPX again and probably break that to the downside hard... this is far from over...a slowing economy has a deadly onus on the longs..the buyers and holders...corp profits suffer, rev's slow..and the street continues to discount these numbers, usually harder than one expects... we always go overboard on either side of the equations..thats what i'm waiting for..the final plunge..the purging, puking, i gottta sell now mentality.. at that point 2003 leaps in the semis would be my first move... anyway...it's beeen a wonderful revelation to me to trade technically now...no more guessing..no more gambling.. the risk rewards are on my side each and every day Dennis..everyday.. my regards as always Jer