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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (83304)	7/17/2002 1:58:57 AM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 99985

I didn't take your remarks as "smart." I was being a wise-ass. I won't admit the downward trend is broken until I see higher highs and higher lows. It's been quite a while. That has happened for a few of the tech stocks, but the markets as a whole are still in strong down trends. It is almost impossible for any stock to buck this kind of market trend for more than a little while. I've been out of the market for several months. I expected things to drift downward through October with minor rallies here and there. I didn't expect the plunge we have been seeing. I still expect a rally, but I think the markets will ultimately go 10%-20% lower. The end will come when the big boys (institutional investors) have to raise cash. Who will they sell to?