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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (172)	4/18/2001 10:59:50 PM
From: AllansAlias	Respond to of 209892

Another BC classic! This rally is in the face of a NASDAQ with a P/E somewhere in the 300-400 range. It's as mad as buying at 5000 -- no, way more mad. Did you see in the fed release today they admitted targeted the stock market. This is unheard of! To wit: This potential restraint, together with the possible effects of earlier reductions in equity wealth on consumption and the risk of slower growth abroad, threatens to keep the pace of economic activity unacceptably weak. So, we need high stock prices or people will cut back on their consumption. This will end so badly.

To: Perspective who wrote (172)	4/18/2001 11:07:27 PM
From: AllansAlias	Read Replies (4) \| Respond to of 209892

Soon time to go short. Longs take money off the table. My opinion has not changed after doing my review tonight. We are at or very near the end of this up wave, an A. If it overshoots, it might touch 2250, but I doubt that. I wouldn't be surprised to see things ease off by the open, trapping all those AH fools who jacked things up 10-15%. The next move of note is down, the B. It should at least take us down to 1890 on the NASDAQ composite, and probably down to 1870. (BC, wasn't this one of your targets as well?) [As a side note, I would expect a good bounce/fight in the 1970 area.] After that, well, we'll get another leg up, a C. So you swingers, let's get some of the coming down, but get long for the next leg of this rally. After that, I want to be short in SOIZE. Sound about right to you?