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: William H Huebl who wrote (11389)	12/12/1997 5:02:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

HI Bill, the main thing about this market that's FA, is that's it's been run up by momentum buyers..and they are still with us but just catching their breath.. The WEBS say Monday will be a rally..they look good but not real strong so how long it will last I have no idea.. it's not TA when you see the flu going around and them that don't got it are running for a flu shot...( going into bonds ) thats not TA , that's common sence..looking at the WEBS gives a picture of were money is flowing..or drying up..at least in a general sence..it's a far cry from TA. Money flow is at the bottom of the markets, not the hype in the company reports..or the anal-syst's earnings projections, that's more smoke than real..you can't even trust the balance sheets that 90% of them file with the SEC. Track WEBS, and some BIG Mutual funds daily NAVs to get the picture, thoes funds NAVS have to respond to the broader market they are in..when the NAVS start down..they try to lock in any profits, by selling, or going short aginst the box..after all untill you sell you don't make any money, and if you let your Nav sick to low people will bail out..put yourself in their shoes. By the way RSIFX has gone from 16 in OCT to 11.5 yesterday and is getting hammered again today..that 28% loss will take 39% up to get back were it was.. and as long as you see INTC, IBM, MSFT, and CSCO on the slide, the funds are in a self made trap, this sector is in troble. That's not TA. maybe a rally monday ( good chance too ) but for how long ? If experts like Robertson Steavens can lose 28% in such a short time..it makes me wonder about all the hype they have put out. There is not one anal-syst of TECHS that does not have a buch of do-do on their face at this point.. now we need a 40% rally to get back to early OCT..and have we reached bottom yet..my gut says no, not enough panic yet. When you see the BIG boys start talking about a bottom with trying to hide their fear..then we will be getting close to a bottom.. Monday will rally; the WEBS say so, but for how long ? Jim