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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (52113)	6/10/2001 1:00:34 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Hi Bill, I'm keeping a close eye on the Naz. Many people are thinking we're in for a correction back down to 2000.Don't get me wrong that certainly is a possibility. I'm thinking the little rally up to May has rocked some of the shorts confidence. As long as the NAZ holds it 40 dsma (which it bounced nicely off of on 5/30&31) ,I'm thinking there will be some substantial (under the horizon) covering of positions. It has been a wild ride down and now is the time for the shorts to be locking in their huge gains. This should be a very quiet force of strength that I think will buoy stocks during the next 30 days of warnings. The 40 day sma on the NAZ for monday is 2045.061. I'm watching that closely. BWDIK Bob