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 : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (10397)	1/23/2002 10:12:23 PM
From: stockman_scott	Respond to of 57684

Last thoughts from John Murphy's web site.... MARKET BOUNCES... The major stock averages bounced today. Nasdaq volume even picked up a bit. However, we're not inclined to read too much into the day's action. The Dow and the S&P 500 have held over their November/December lows -- and the Semiconductor (SOX) Index got back over the 510 support level that it broke just yesterday. All these developments are encouraging, but far from conclusive. We'll see if there's any follow-through tomorrow. We still think the risk of a deeper correction is pretty high.