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.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Elllk who wrote (10831)	12/11/1997 12:07:00 AM
From: Zeev Hed	Respond to of 18056

Larry, I think that there are two underlying trends that bring about the year end rally, not just the locking of bonuses by fund managers. The early month weakness is often amplified by tax selling, while the late month strength is amplified by the lack of professional traders to balance the market (many take long "christmas" vacations). If we continue with this decline as I expect, through about thuesday, we will have 7 or 8 consecutive down days, which will make the market quite oversold and it may bounce from its own dynamics. This bounce coupled with the coming holiday, may create the "spirited" rally I expect (but not before get hit hard here for two to four trading days, or to about Wed. Zeev