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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (16872)	8/3/2002 7:51:20 PM
From: Yogizuna	Respond to of 36161

Very interesting. I think the market has so more rally potential left in it as long as the Dow can hold it's previous lows.... In that case, it should start to rally again next week, perhaps as early as Turn around Tuesday, and then I will be looking for somewhere around 9200/9400 on the Dow before the bears take charge again.... This stance is a bit unusual for me, because everyone likes to call me "Yogi" because I love being bearish on the market. <g>

To: Kip518 who wrote (16872)	8/3/2002 11:48:32 PM
From: Jim Willie CB	Respond to of 36161

extreme low pressure zone now in stocks, suckers bought it next up is banking sector derivative risk gonna be shocking, not just in USA, but worldwide the declining USdollar has silently delivered a huge shock to the entire world banking system the world economy is geared toward a high dollar value its decline shocks all continents simultaneously and most investors are TOTALLY OBLIVIOUS to this risk this autumn, the USdollar decline enters stage#2 downhill I believe (among other factors) that the US banking sector is factoring in the rate risk from foreign TBond selling in stage#1, foreigns merely staged a buying strike for stocks and bonds I know they did NOT buy TBonds, because on down stock days, coupled by up bond days, the dollar was trendless some days the dollar was down as bonds were up the bond action has been a parochial US-only show lately not so in stage#2 to those who expect the USdollar decline has ended, I say "YOU AINT SEEN NOTHING YET" have you seen the trend in federal and trade deficits? revisions to GDP last week rendered trade gap to over 5% that has historically ushered in a 25% currency devaluation the vicious cycle will soon turn in an ugly way / jim