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: Haim R. Branisteanu who wrote (7949)	10/27/1997 8:21:00 PM
From: kas1	Read Replies (1) \| Respond to of 94695

>This indicates NO BUYERS not heavy selling. interesting. maybe the circuit-breakers do have a function then.

To: Haim R. Branisteanu who wrote (7949)	10/27/1997 8:36:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Hi Haim, Thanks for sharing... I do not see any letup yet until Thursday... but I am on quicksand here because I am relying on my Barron's indicators... and they may have been blown out completely by this sell-off. Still trying to get probabilities - IBEXX... what have you started!!! Well, Haim, what you say makes sense... the low volume being the lack of buyers. But the up/down volume ratio: Zwieg says 1:9 ratio is a sell signal and 2 within 6 months is a definite leave the market... So far as I know, this is the first. Regards, Bill

To: Haim R. Branisteanu who wrote (7949)	10/27/1997 8:36:00 PM
From: Steve B	Respond to of 94695

Haim, To indroduce myself, my name is Denise. I watch the thread and have been on it months ago. I've learned a lot. I trade OEX and I agree with you 100%. The Dow closed at a key support level. My concern is that it closed below its 200 day MA. If we don't see a bounce in a few days (preferably tomorrow but Greenspan doesn't speak until Wed) lower levels are highly probable. This was definetly a buyers strike. During the last correction when the oex only tested the 865-870 support, bargain hunters were disappointed because they were hoping for lower prices. Now they probably have what they want. I can not factor in the complexity of the effect of the Hong Kong sell off. I feel that it was perfectly timed to cool the markets off considerably. Any thoughts? Denise Brosius