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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (78068)	7/29/2003 11:53:38 PM
From: skinowski	Respond to of 209892

To me, this looks an awful lot like the summer of 2000 Yep... right after Labor Day the Big Boys were supposed to return from the Hamptons - and this is when the "real" buying was expected to commence, all the way to new highs. The rally in the summer of 2000 was Wave 2 at least in some indices and a "B" in others. The psychology of the current rally does seem to have many similarities. It lasted a few times as long, and is probably of a larger degree. This one seems to be THE correction for the entire Bear up to last year, in which case so far it still is a rather weak correction: SPX at 1067 or so would only be a 38.2% retracement.