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


To: Paul Shread who wrote (24061)11/14/2001 3:50:55 PM
From: horsegirl48  Respond to of 52237
 
maybe whats happening is like what happened during the extreme bear, market just kept going down everyday no rallies except maybe once a month. Maybe we r in a reverse universe, where the market will go up everyday with no selloffs. Just up up and away who knows the severity of the bear caught us all by suprise???



To: Paul Shread who wrote (24061)11/14/2001 3:58:51 PM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
My crystal ball is broken today<g>- but new highs are always possible- I would expect them only if we recover more than half the previous decline- which would be at 1250 spx. Butt, who nose- maybe we only get the 38% (1176). If that's the case, I will have to admit that the cyclical bull was just a bull trap. <g>

I DON'T expect new highs in the Nazdung will be seen during this cycle. Maybe not for a few cycles. Bubbles aren't repaired easily once burst..



To: Paul Shread who wrote (24061)11/14/2001 4:13:19 PM
From: TechTrader42  Read Replies (2) | Respond to of 52237
 
I'm seeing spinning top, doji star and hanging man formations in the indexes and in various stocks. Whatchoo seein'?

I just can't imagine what "economic factors" look particularly bullish, and why some people think the present "multiples" are in any way supportable. The leading weekly economic indicator has been showing divergence with the market. While the market has been moving up, it's been moving down. Components such as jobless claims have been moving up.

The complacency indexes were slightly down today, showing bearish divergence with the bullish market:

ST Naz CI: 54.134, 56.625
MT Naz CI: 65.923, 67.775
LT Naz CI: 72.800, 73.705

ST S&P CI: 93.311, 95.558
MT S&P CI: 94.318, 96.239
LT S&P CI: 77.490, 77.544