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: TRINDY who wrote (23334)	8/8/2001 12:34:49 PM
From: Zeev Hed	Respond to of 30051

Trindy, the only change in the major outlook is the possible "coalescence" of the two soon down (August and October) I had in the model for this year, into a single major swoon. I still believe that we are setting ourselves for a murderous 400 or so points decline on the Naz to the low 1600. In the meanwhile, however, I play this "distribution" by buying low and trying to sell high, without any major "homeruns", and hopefully without having too many of my stocks halted (right now, have two such positions, AREM, already a week or so, a very bad sign), and PDII this morning (g). Zeev

To: TRINDY who wrote (23334)	8/8/2001 12:40:29 PM
From: golfnut777	Respond to of 30051

TRINDY, what's left to blow up ? Opticals, semis, storage, telecoms, networkers, etc., they've all crashed at some point in the last 4-5 months. The market had its chance to really crater and retest the April lows during the last few weeks when it broke 2000 again and couldn't do it, not even close. Granted, not a compelling reason to buy but no reason for the sellers to line up either. IMO, this market is a coiled spring looking for an excuse to rally. So again, I'll ask you, what's left to blow up and what sector will lead the market lower if you think that's where it's headed ?