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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (34827)	3/27/2001 9:41:47 PM
From: Dealer	Read Replies (2) \| Respond to of 65232

To:LG who started this subject From: gfs_1999 Tuesday, Mar 27, 2001 9:11 PM Respond to of 73410 Analysis - Tuesday, March 27, 2001 8 pm At the highs today the Dow was up 273 points, and it closed up near the highs, up 260 points for the day. Today was another very good day for the Dow, but as we have told you, it in no way alters the main trend of the stock market at this time. While we were in the 1982 to 2000 Bull Market there were numerous very severe declines, which caused many investors to assume the long-term Bull Market was over, and that we were then in a new Bear Market. No matter how severe those declines were, the long-term trend did not change, and new highs followed every single decline, no matter how severe that decline was. Back in the first few days of this month we told you that if the Dow fell below 9571 intraday the Yearly Chart would turn down for the first time since the 1982 Bear Market lows. We also stated that while this would mean that we were now in the first true Bear Market of the last 19 years, we expected the Dow to reach at least a short-term low either the same day that it fell below 9571 intraday, or within one or two days after falling below 9571 intraday. The Dow fell below 9571 intraday on March 21, and ultimately fell to a low of 9047 intrraday on March 22. We have since been rallying off that low, but to this point no new buy signal has been given. Despite the rally we have seen this month, to this point we remain on a long-term sell signal. In fact, despite the rally we have seen so far this week, we remain on a long- term sell signal,and we are not even close to a new buy signal, even if the Dow continues higher tomorrow. There has been no change in our long-term position on the market at this point. We still believe that no matter what kind of rally we see over the next few days or weeks, new lows are still coming this year. So, we would not do any new buying at this time. We will give you new instructions tomorrow evening