SI
SI
discoversearch

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.
Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (35014)3/25/2001 4:02:22 PM
From: NOW  Respond to of 35685
 
here is a link on what inflation can do to ruin your whole day: gold-eagle.com



To: AllansAlias who wrote (35014)3/25/2001 6:27:42 PM
From: Poet  Read Replies (1) | Respond to of 35685
 
Hi Allan,

I hope you've enjoyed your weekend. Hahn has revised his short term COMPX target:

There still could be a bounce from current levels on the weekly NASDAQ chart (below). However, the
1856 Fib target was exceeded on a closing basis, which suggests a lower move. A drop as low as 1357
could occur between now and April 16 tax day. 1357 is the approximate October 1998 low. Markets are
deeply oversold, so reversals could occur at any time. Of great significance is the fact that the final
parabolic phase of the NASDAQ bubble was launched in October 1998 when the Federal Reserve
intervened in the stock market with a flood of liquidity to counteract the potential for a stock market crash
triggered by the Asian contagion and the Long Term Capital Management debacle. There is some
symmetry in returning to the October '98 gap. NASDAQ for 10 years.


What are your thoughts? I guess technically the concept of symmetry is compelling. It just seems to be a long way to fall in three weeks. Unless CSCO warns...