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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (11983)	7/18/2001 10:15:30 AM
From: Chris	Respond to of 52237

10:10 ET Greenspan Testimony : Having just quickly read the full testimony, our judgment is that there are no significant surprises; Greenspan sees the economic risks remaining to the downside and therefore keeps the door to further easing open, but he also notes that past rate cuts and coming tax cuts have not yet been felt. It is safe to assume that the Fed will be cutting rates again. That's good news, but the better news for the market would be if the economy began to recover -- haven't seen much evidence of that yet.

To: TechTrader42 who wrote (11983)	7/18/2001 11:05:32 AM
From: donald sew	Read Replies (3) \| Respond to of 52237

Brookelise, >>>> Do you think you'll be seeing some buy signals in the Naz and S&P before the week is out? My complacency indexes are in oversold territory (but with no buy signals so far). I wouldn't be surprised to see a bounce back up soon. <<<< We could always get an interim bounce within a downtrend. Concerning my short-term technicals, right now they are in the midrange/upper midrange near overbought still. So to get a buy signal, even only a CLASS 2 BUY by FRIDAY, it would require the market to sell of quite hard 3-DAYs in a row. Yep, CNBC was still bringing up the topic of summer rally. Giving the impressing that they are trying to push the market up. They have been mentioning the SUMMER RALLY often recently, but I have not heard them once mention, recently, that MAY-OCT is statistically the weakest 6 months. It would give more credibility to them if they were to speak about both issues(bullish and bearish) at the same time.