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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (71227)	6/23/2005 9:42:01 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Well, today is rather nasty, since the NAS had an outside reversal day. Typical trend reversal candle stick. If the trend has reversed, and we fall below April and 2004 lows, that would be a significant confirmation of a new intermediate trend. Until then, I don't think they lost control, yet. The big bear is asleep. The bears will just get whipsawed once again, as the Fed comes out with a coupon pass tomorrow. That may lift oil to $70, gold to $500, though.