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 : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (23784)	4/16/2005 11:14:46 AM
From: austrieconomist	Respond to of 108752

I don't honestly know, of course. This may just be a fatal flaw in craving some action. There is somewhat of a "due theory" to my own move. However, there are also some quite respected professional trading services which just moved to a fully invested position at the Friday close. SentimenTrader says: "From an anecdotal standpoint, the angst we are seeing and hearing is as great as it has ever been, except perhaps after 9/11 and prior to the low in July 2002. With Friday's rout, many of our measures have simply gone off the chart, leaving little historical precedent. Our model for the Nasdaq is the 2nd-highest in six years, behind only 4/14/00. The same model for the S&P is at its highest point since 05/10/04. The very short-term looks scary on the charts, but we still feel higher prices are in the cards over the coming days/weeks." It does worry me a bit that 1987 is not part of his experience. Stack's Pressure Factor stands at an "oversold" -59. Stack considers -30 to be the actionable threshold. My experience in reading this measure the past 10 years is that -60 is a better choice to help reduce false signals.