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: Techplayer who wrote (60805)	10/17/2000 10:59:08 PM
From: Techplayer	Respond to of 99985

Kudlow with the ever bullish angle... cnbc.com

To: Techplayer who wrote (60805)	10/17/2000 11:19:53 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

TP, My sentiment is real doom and gloom will be the step just prior to a real recovery. What one should hope for is some real selling followed by more selling, and then we will see the snap back and steady up. The problem we have been having is we have a moderate selling and the dip gets bought. If this continues, we are truly in a bear market. My charts say we need to break to about 2850 on the naz and 9750 on the dow intraday (the sooner the better), all in one day, and the capitulation will happen that I am convinced is necessary for the money to flow back in strongly, forcing the short money to cover. If I were short this market, I would hope for these weak selling sessions with weak buying to give only moderate losses each day. If we do not get a climatic selling soon, I will continue in cash, as I believe we are entrenched in a bear market. If the afterhours numbers hold (IBM down 12-13, Hwp down in sympathy etc), we will open below 10,000 at the open. To me this would be healthy for those long the market. After a slight recovery, I believe it will be healthy to the longs for there to be a even stronger selling, maybe causing a temporary stop to all trading. Then I believe a recovery can and will take place swiftly and steadily through the end of the year. Steve D.

To: Techplayer who wrote (60805)	10/18/2000 12:03:02 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Any sentiment other than doom and gloom out there?>>>> it's the flip side of: tech stocks only go up earnings don't matter, oil prices don't matter, rising rates don't matter, a slowing economy is bullish for tech, semiconductor cycle has been repealed, the naz will double the dow in a year, we are in a new economy/new era, tech stock valuations are subject to new valuation metrics, p/e multiples can expand infinitely because stocks are less risky than bonds. yadda yadda yadda, at the top stocks can go only one way UP UP UP, at the bottom stocks can only go one way DOWN DOWN DOWN thats the study of this manic-depressive patient which is the crowd. what something is worth or not worth is dependent on the patients state of mind at the time of the bid and the offer. all u kidz, WELCOME TO THE ASYLUM.