SI
SI
discoversearch

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 : Stock Swap -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (13229)4/8/1998 7:01:00 AM
From: Patrick Slevin  Respond to of 17305
 
I don't espouse the notion that it will sell straight down, I'm just looking into early Tuesday at the most.

But not for technical reasons. This is a thin week and people are prone to take some cash off the table from the recent euphoric ride through 9K. If you noticed Monday, the only things that looked strong were the DJIA, the financials/brokers, and perhaps one or two other sectors.

The futures got hit, the NASD got hit, the SPX was weak....the DJIA had to come back. Next week is "normally" (whatever normal is) a bullish week with expiration involved, but this time of year is also tax time.

So, anyway, I think you are correct. The market will bounce back. However I'm not as prone as most are, to believe that it will be a successful bounce. I think the end of April is where the market gets it's more serious pullback. Maybe early May.

But why worry? Be Happy! Gotta get the kid off to school (I want him to get into UNLV and learn how to be a pit boss).