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: eichler who wrote (35837)	11/17/2000 1:03:15 PM
From: Paul Shread	Read Replies (2) \| Respond to of 42787

I think, at a minimum, we need to retest the lows. PC ratio got as high as .98 today (it hit 1.47 on an intraday basis last month), VIX was actually down on the day last I checked. Need a lot more fear for even a short-term bottom. I wouldn't rule out an eventual retest of the COMPX's 1990 log trendline at about 2300; that's where every major sell-off over the last decade has ended. 2530 is my minimum downside on the COMPX to call a major bottom. I see no reason for 2850 to hold; it was a line formed in an entirely different interest rate and investing environment, and to break that line would deflate the bubble, IMHO. Above that line, the bulls are too complacent.