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.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (11724)	9/21/2003 2:08:52 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95587

So RtS, what is it you are trying to tell me?<g> Are we going to go up or down next week? When even the "experts" don't know what is going to happen, what are amateurs like us supposed to do?:) <The question I have is will the Nasdaq develop a corrective 4th Wave before or after the 2050 to 2100 range is reached? If a corrective 4th Wave does develop before the 2050-2100 range is reached the support range to watch would be in the 1750 to 1790 area which coincides with the Nasdaq's rising 10 Weekly EMA (1790) and upward sloping trend line from the March low near 1750.> Other people are confused too, as you just posted: <The funds are not stupid. If the market opens up on Monday and they feel the momentum is still there they will try to stretch their gains just like everyone else. Once the momentum appears to fade it may trigger the end of that stretch attempt. The next three weeks are the three most important weeks of the year for funds. This is where all the planning and pain pays off and bonuses are earned. Until those profits are translated into cash they can disappear in an instant with any negative event. However, not all funds sell and they do not sell all stocks. If they think there is more upside in a stock and they do not have anything better to replace it with then just taking profits to take profits is a self defeating process. Confused? The bottom line is that some will and some won't and until it happens nobody has a clue.> There you have it - probably the most honest statement posted today.:) I think I will just sit out on the back porch and take it easy for a few weeks while the "gurus" and the "market" decides on what is going to happen next!<g> Don