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 : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (29134)	10/20/2002 11:31:55 AM
From: Ken W	Read Replies (2) \| Respond to of 29382

Sergio While the "investors" re "traders" are probabaly correct in what is described in that post, technically the downside is not that great to the NASD/QQQ's. stockcharts.com The potential downside looks to be about 1175, while the upside (short to mid term) is nearer to 1500. Only the very, very nibble benefit from the pullback. IMO the danger is not being in the market over the next 20 to 60 days. Bonds hit an all time high (the guy from Pimco could not get anymore out the door with his DOW 5000 BS) and GOLD is weakening while the dollar is getting stronger. Safe haven money is taking profit and moving back into equity, if for no other reason than the market is at a 28 year oversold condition (1974). On a more important note........HOW DID THE SHOW GO????????? Ken