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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Area51 who wrote (15259)	12/3/1997 10:34:00 PM
From: IQBAL LATIF	Respond to of 50167

Please don't ignore triple bottom of SOX- last night did you notice the way S&P tested 969 and closed up! These guys have a serious problem of valuing the market potential and in my opinion if you ignore basic era of global affluence ensuing as we move forward we will always be stuck in this discussion of market falling to new lows. If market had to break there was no other chance better then when it seemed the whole world is collapsing. I think we need to be realistic and try to keep a longish bias which anyway everyone has but on breaks of key supports a venture on the short side is certainly positive. Supports are 280 on SOX- I am thinking that this 280 is a triple bottom here a close below it will take us to 250-55 area but that for me is an opportunity not end of the world. On S&P levels to watch are 970-72 area 962 and 950 today was the third day we had a good close- now I see the next threat emerging from strong economy -weak economy and deflation being already discounted, we may see some selling however market shows strength and resiliance. For me techs like TXN are going to proove their worth soon.INTC MSFT are going to lead the techs in 98 and MOT will be turning the corner for better.