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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37277)	3/16/2001 7:04:45 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Morning IKe major trouble ahead here...the P&F NYSE Bullish Percent has rolled over here...all thru this entire debacle in the markets the NYSE stocks were holding well.. that is over now...i had an intermediate downside target of 9700 INDU...it may go lower now... my main indicator at this moment is the SOX index...520 is the triple bottom test..500 breaks this index and the entire NAZ market along with the NYSE would collapse... i urge everyone to use extreame caution if this event should occur...and i am not an alarmist..just a daytrader playing all this incredible volitility...going to cash every night with out exception... LONG TERM BUY AND HOLDERS ARE "NOT" USING GOOD TO CANCEL TRAILING STOPS...NOT SMART...THEY NEED TO LEARN WHEN TO SELL THEIR OVER BOUGHT STOCKS AND ROLL INTO BEATEN UP STOCKS AND SECTORS 1-2 TIMES A YEAR..NO ONE IS DOING THIS..THEY ARE JUST SITTING THERE HOLDING ALL THE WAY DOWN TO OBLIVION..... i hope i can help these people..while P&F may be a lagging indicator...it's safe, solid, and i use it everyday... best to you and this thread OJ

To: IQBAL LATIF who wrote (37277)	3/16/2001 8:07:44 AM
From: Cabo Eddy	Read Replies (1) \| Respond to of 50167

<my targets are 1428 on SPX, NAZ 3800-4200, and DOW 11500> Ike, I thought in an earlier post you were looking for some divergence between the NAZ & DOW, whenever the NAZ is finally able to make a comeback. In the last few days, we have started to see the DOW finally show some real weakness. Do you think both indexes can be pushed up significantly at the same time? What do you think of a paired trade somewhere in here (Short the DOW and Long the NAZ)? Thanks