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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (37840)6/14/2001 11:06:05 AM
From: r.edwards  Respond to of 65232
 
""One observation of technical interest
yesterday was the action of the major averages versus the A-D line. For instance at 11:00 a.m. with the
DJIA up 26, there were 615 net advancing issues. Even at the close, the A-D line was net negative by
only 42 issues. A surprisingly good relationship like this existed throughout the session.
Conclusion:
We have mixed signals between the DJIA & SPX, which are recording a short-term pattern of lower tops
& lower lows – the definition of a downtrend versus an A-D line that refuses to “crack”, accompanied by
relatively good P-C readings. The former implies that until the pattern is broken, near-erm caution is
warranted. The latter implies that further pullbacks ought not be too severe.
On a trading basis, the environment is still very difficult, & we hope you now understand why we put the
caveat out that we did yesterday. Regardless, BRCD acted well until the NASDAQ declined. Another
example for the discipline of stop loss points.
Art Huprich, CMT
Technical Analyst""

I need to throw a couple of ringers, short or long , got any ideas other than borl ???



To: stockman_scott who wrote (37840)6/17/2001 11:07:17 AM
From: Jim Willie CB  Respond to of 65232
 
we have a very strange set of circumstances upcoming for the economy
I dont think anything in the future will resemble much in the past from this point forward

first of all, the world is slipping into a recession
the US may be the strongest among a weak list
Japan is gonna be key here, as will Germany
but with Japanese PriMinister "releasing the dogs of war (accountabilty)" I see unexpected events soon
they must correct their accounting excesses of 15 yrs !!!

I dont expect the US economy to travel on separate parallel lanes on the commercial highway
in the past, a recession meant RECESSION, with all sectors falling
e.g. industrial production, service sector, banking, exports, tech, lowtech, rustbelt, consumer, realestate

now, I expect certain sectors to continue to do well
other sectors to tread water
a few sectors to thrive
ALL after we come out of the recession

after fy2000, all the world has changed

as long as US employment remains under 5%, realestate will continue to prosper
it might require a year of digestion/ consolidation, after recents strong years

gonna be a strange 18 months upcoming
I still expect a real tough summer for stocks
2ndHalf Recovery, not gonna happen !!!

/ jim