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 : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (22623)	8/2/2001 11:27:39 AM
From: TRINDY	Read Replies (1) \| Respond to of 30051

Zeev and all--There is too much emphasis on one number in these discussions. One number (2078) does not break a bear market, especially in conjunction with the ramp job that the street was giving yesterday (ML and AJC). The bear market will be over when J.Q. Public quits responding to this tripe. The real question before us is "Is a turnaround in technology this fall and winter possible?" "If possible, is it likely, and will we see tech prices soaring upwards?" It seems to me that with the current P/E's and lack of visibility, the market could meander for a considerable time. These meanderings are playable. You buy when it is low. You sell when it rebounds. The market has been basically trendless for a considerable time. Following the strategy, has been, essentially, appropriate since the March 2000 top. It could well be that now is the time to sell. On the other hand (have to be careful, you can get an idea about my profession from such statements), it is certainly impressive that the Nikkei gained nearly 500 points, 3.5% last night. Maybe this is the real thing. I have my doubts and I don't see it running away from me. There are still too many elements of mania out there for my tastes, waiting to get slapped down again by the big boys. Cheers!