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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (49842)	1/3/2001 11:39:34 AM
From: Chip McVickar	Respond to of 94695

Yes Bill..., It's confusing and certainly way over done. But a parabolic chart always corrects and the Nasdaq was not going to become the exception. I just hope traders don't treat the index like they did the Canadian Gold and junior oil/gas markets of some years back, and stay away for years and years and years to come. But at this time the Bush people want nasty markets to advertise and push through tax breaks, so I expect any January rally will be muted. I wouldn't suggest there's any manipulation going on, but a major market downtrend is well established. However, there's nothing wrong with the economy. Were just going from $150 dollar to $50 champagne ...not the $5.00 stuff.