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 : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: John Sikora who wrote (7401)	11/1/1997 4:05:00 AM
From: Philip H. Lee	Read Replies (1) \| Respond to of 13949

US, Japanese stock markets. The Dow has the look of a downtrend now with a lower high in early October at 8200 and a lower low near 7000 Monday. We've recovered to 7440 now, but I'm definitely concerned about the Dow's technical picture. tscn.com As for the already depressed Nikkei, it didn't find much support at the double bottom around 17,200. It's at 16,500 now. tscn.com With two of the world's major markets looking weak, I'd be very cautious in this market. Anyone with significant margin balances might want to take advantage of the recent rally and consider reducing their debt. Long term (5-10+ years), I think stocks will outperform the majority of asset classes. Philip