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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (10117)	1/26/2002 8:56:12 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

I'm wondering how long the denial can continue with all the leaders breaking down. All those rising wedge charts posted a month ago on NVDA, MSFT, GNSS and others all resolved to the downside. MSFT is nearing major breakdown territory on the chart. Scary. IBM and GE charts look sick, the semis look horrible and supposedly they are what is supposed to lead the new move up? And the biotechs, I'm not sure will ever recover, certainly not as they have before. I think a move back to the low 1800s and maybe even mid 1700s is very possible. Soon too. I'm not a believer in a retest of the September lows as I consider that a traumatic shock/capitulation move. The time of year may play a part in market weakness too, as the coming months are famous for being the worst ones to be invested... But with the way the fed has been pumping billions in daily, chances are another move to the upside is in the cards. Even though fundamentals don't at all support it. Creating another bubble seems to be the least of the feds worries now, they just want to hold the damn thing up <G> But if stocks have already priced in a complete recovery and improved earnings and capital spending increases, it seems to me eventually the move up has to end. Or are we going to be trading off expected earnings and growth in 2010 already? <g> The most diabolical unexpected move will be the one that occurs I guess, and probably the one that makes the least sense!