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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (20329)	6/27/2002 12:57:45 AM
From: smolejv@gmx.net	Respond to of 74559

Hi everybody: I would say, that one of the distinguishing features of this thread has always been (beside differing opinions of course) the ability to keep the long-term picture intact and in focus. The WCOM hoopla has not changed it, possibly it just confirmed it. Do you honestly think, this is the last one? Take anything (and there's a lot of this kind of debris) that dropped 80% from top and poke around. There'll be rot showing sooner or later. And with the earnings season around the corner, we can expect some surprises of a more recent nature as well. And, to be honest, I would very much appreciate to be surprised to the upside. Because, if the long-term picture stays as it is (no profits and no new investment), we're all in for some lean and mean years. It is ironic, that the old whooping cry "It's the bottom" is showing up here. But again, as the cherished leader Deng said:"Let thousand flowers bloom". I'll probably follow DAK's lead, take some chips off the table, possibly cross to the other side of the street to catch some more sun. But I'll for sure avoid assuming anything. [EDIT] actually, what I did first, was rappel up my stop loss limits.

To: EL KABONG!!! who wrote (20329)	6/27/2002 5:37:16 AM
From: Moominoid	Respond to of 74559

Of course there are a couple of other possible e-wave counts on the NASDAQ. One is that the wave down from December is wave 5 of A. That also means there should now be a big rally (wave B) but means that the bear market will last another 4 years or so. Alternative #3 is that the C wave we are in is an extended wave. This has 9 waves and we have only completed 5 of them. Whatever, I see at least a short term rally here good for at least 200 points and then we will reach another critical point to watch whether we go up or down.... Now I probably induced another crash :) David