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 : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (1725)	12/10/1997 10:41:00 PM
From: g_m10	Respond to of 12617

Asian flu more and more starts looking to me like a cancer. At least it does not go away that easy as it was expected by the most of the people. I was looking at DJIA chart and it looks like that we again heading south. While Dow can't penetrate it's summer high, bottoms are getting dipper and dipper. I got a feeling that correction wasn't completed on Oct.27. I'm not good at TA. To me one of the signs of completed correction would be blood on the street running from small stocks. Not that I want it, but last April correction cut 40-50% of three good small stocks price that I'd been watching: TSCN, CKFR and WIND. All of them got back in a couple of weeks and reached new highs since then. This time it didn't happen. All of them passed through October without a scratch. All facts of the last days: flu/cancer, uncertainty in tech stocks, overvalued market makes me think that we may see new bottom before before we see new high. It does not take to much of a bad news to take the whole market down these days. What's your take on it? Do you think Dow may go to 6000-6200 range?