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 : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Dexter Lives On who wrote (1243)	3/17/2001 6:00:58 PM
From: Cush	Respond to of 5144

<font color=green>Nasdaq March 16th Chart www3.sympatico.ca Rob, you're right that concentration of power in the hands of a few appointees does rile me. I think that Greenspan revels in this constant Fed watch. I think that is partly why he refuses to define exactly what parameters the Fed is using to make decisions. Their power comes in the mystery they've been able to create. Understanding their reasons and methods is much too complicated for the rest of us mere mortals. Better we should have our financial fates in the hands of one old crone throwing bones (or passing them) and reading them to decide these things. IMO, it is totally ridiculous. As this chart shows, Investor Confidence is dropping like a stone. The Emperor is apparently waiting for capitulation. I guess in the good old days we'd have had to sacrifice a few virgins to appease this god. IMO, there won't be any safe long positions until the MACD in this chart begins a clear uptrend with a rising positive histogram. When that does happen, will it be just a temporary bounce? I don't know. I'm pretty sure that we'll see some selling the next time that Stochastic gives a sell signal up in the overbought zone. Cush