SI
SI
discoversearch

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.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (61284)9/14/2002 2:59:59 AM
From: chaz  Read Replies (1) | Respond to of 77398
 
Mindmeld...

I presume he gave you reasons. What were they?

Chaz



To: RetiredNow who wrote (61284)9/17/2002 1:26:32 PM
From: larry  Read Replies (1) | Respond to of 77398
 
mind,

Have you noticed how awful the charts are for the major indexes? All are still in a major lower low down trend. Many have talked about formation of H&S in the 5-year chart of S&P500. However, there seems to be a minor H&S formation in the 3 month chart of both S&P500 and NAZ (and to a certain degree, DOW). If the neckline is broken (very likely), new lows are within reach for all the major indexes.

We will see the same pattern repeating itself: a new low of QQQ followed closely by new lows of NAZ, then S&P500, and then DOW. Will this be the bottom we are all waiting for? Not really, especially considering that GWB has made up his mind to make war against Iraq no matter what.

best regards,
larry