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: Robert Graham who wrote (38301)	12/18/2000 11:18:07 AM
From: Paul Shread	Respond to of 42787

2725 COMPX is resistance, I believe; made it to 2726 today.

To: Robert Graham who wrote (38301)	12/18/2000 11:38:13 AM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

NDX/COMPX gaps filled and still heading south. 2600 support next?

To: Robert Graham who wrote (38301)	12/18/2000 11:43:03 AM
From: StockOperator	Read Replies (1) \| Respond to of 42787

Bob, IMHO, I do not believe that even the FED will be able to stop the cleansing (capitulation) phase that we are about to experience. Unless they act uncharacteristically tomorrow by lowering by 50 pts or more I think the market will just sell on the news. Before we can see any meaningful rally we are going to have to see panic driving investors emotions. I don't believe we've seen that yet. Let me also say that my main reason for believing so is still the overall chart conditions for charts representing the NAZ. The price action today in stocks like SUNW, ARBA, PMCS, and CSCO are telling me that the bottom is not here yet. I think the thing to watch for will be how this market decides to wash many out of their positions. The more violent the move the more likely we are to bottom sooner than later. Once again time will tell. Good luck trading. SO