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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (40824)	3/11/2004 12:45:25 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69347

By traditional metrics a lot of stocks are over priced, so his high cash position is to be expected. Any indication to where he is looking for value right now? Gold seems out of whack with th e current rate of inflation. Only the weakness in the dollar is driving people into gold and I don't expect the weakness to go on forever. Oil is being artificially held high so we could see that come crashing down if China slows down. New high of the day on the COMPX. My intra-day buy signal was just confirmed. The daily still remains in a down trend though. I expect a 3 day bounce followed by side ways action and perhaps another way down.