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 : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: furrfu who wrote (45797)	8/13/2001 7:12:45 PM
From: LTK007	Respond to of 56532

<<To:furrfu who wrote (45340) From: LTK007 Tuesday, Jul 31, 2001 4:22 PM View Replies (2) \| Respond to of 45797 Warning regards home builders.Seems like one out of two TV analysts are recommending buying homebuilders---a major bear signal for homebuilders.max>> well that was quicker than i thought,thanks to Barron's saying it is a Big Bubble that is about to spring a big leak the homebuilders got hit by a 2by4 today.But that indicator is an excellent one IF sector is already well up---Max

To: furrfu who wrote (45797)	8/14/2001 12:47:47 AM
From: LTK007	Read Replies (1) \| Respond to of 56532

doug/aj et al--ST places the critical support on NDX100 at 1580,with this commentary tonight.<<The NDX (tech stocks in general) has tested and held the 1580 area 3 times now. This is a particularly important support level from 4/17 when the markets gapped up (see NDX chart near the bottom of the daily drop-down menu) a few days in a row in anticipation of a rate cut. In the simplest of terms, in order for the market to move higher we need to determine if the extraordinary price action on those days was justified. Wildly optimistic or pessimistic assumptions (market swings) are always tested if not corrected. So far, each test has held. A close below this level would suggest a test of the market exuberance which occurred from 4/4 through 4/10...which makes this support area a BIG DEAL, therfore, its imperative to understand our desire to continue to exercise extreme caution at these levels. The market continues to take its own sweet time here to make sure the test is thorough. >> end quote.i added the boldface