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: LTK007 who wrote (62791)	11/18/2000 6:16:49 PM
From: TWICK	Read Replies (1) \| Respond to of 99985

I'm thinking we may see low to mid 2000 on COMP by the end of this month: twickster.homestead.com Could be wrong. Let's what happens this week with the election counts. Twick

To: LTK007 who wrote (62791)	11/19/2000 12:44:12 PM
From: KymarFye	Read Replies (4) \| Respond to of 99985

Though I think it's clear that risk to the Nasdaq comp of the mid 2000s or lower has recently become a lot easier to envision, I don't see meaningful head-and-shoulders formations in the Nasdaq Comp or the NDX. Perhaps if you could be more specific about dates/price levels/time frames/volume, I might have a better chance of seeing what you're seeing. I have noted recent claims to the same effect, but the specified patterns lacked the characteristics (spacing, definition, signal clarity, placement within prevailing trend, volume patterns) that I would look for. The NDX, in particular, is difficult to assess in isolation, since the exchanges don't seem to publish NDX volume statistics. I suppose you could look to the QQQ or make a fair guesstimate as to aggregate component volume, or, if you were really determined, you could add it all up to the last share - might be a project for another day. As for doomsday, I'm not normally the kind of person to set arbitrary lower (or upper) limits for what might lie ahead, but it's too nice out here in Cali this weekend for me to contemplate the end of everything. My guess is that a new leg down on the Comp to '98 levels would require further reinforcement of the bear case: not just a manufactured slowdown, but a true recession; not just some re-consideration of financial practices and some shortfalls relative to overly optimistic projections, but a new round of concatenating disappointments and disasters; not just some vexing and distracting political uncertainty, but a true political crisis.