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: Paul Shread who wrote (35840)	11/17/2000 1:33:03 PM
From: eichler	Read Replies (1) \| Respond to of 42787

Thanks again, Paul Yes, unfortunately, I do agree. On the weekly charts, that 2500 level does appear to be calling. Some months ago, I thought that call was perhaps extreme. Gotta give credit to those who foresaw that eventual possibility earlier this year. Looks alot more likely now. The VIX and PC still indicate complacency as you say. The main question is will it remain the slow-water-torture as we've seen lately, or do we get the huge drops witnessed in the spring? I wonder with so many individual naz stock charts having completely retraced their blow off rallies, if those are portending the eventual look of the $compx chart itself? I will continue to play the chart indicators and signals and play long and short, but I will be hard pressed to hold any longs when indicators go negative in this market environment. Regards, Eichler

To: Paul Shread who wrote (35840)	11/17/2000 3:34:53 PM
From: donald sew	Read Replies (2) \| Respond to of 42787

Paul, Just change out bias to the short-side in our mutual fund account in the ratio of 4:3 and about 73% cash. My short-term technicals are still right in the middle right now so the upside and downside potential room is still about the same, so we could still see 2-4 of selling before I get a CLASS 1 BUY signal, if the market continues down. As for next week, statistically it is a weaker period and I have my mid-term cycle lows next week(11/21(+/- few days).