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: yard_man who wrote (16294)	4/14/1998 10:47:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 94695

One day is long enough to strip the premium.... if the divergence is to the negative and the street likes what intc says....it will converge to the up side.... and vice versa and the divergence may end in the next few hours... 1210.03 is the pivot for the nd8m and it is hanging onto that right now with a buffer and the pivot for the Ndx is 1197.52

To: yard_man who wrote (16294)	4/14/1998 10:47:00 AM
From: MJR	Read Replies (1) \| Respond to of 94695

I've been lurking on this thread w/ great interest fir several days now and am in 100% PUTS at this time (both index and equity).. about the only explanation I can give that we haven't really started our way down is that this market has a recent history of consistantly defying all rules of gravity.. so much cash is pumping into the mutuals and the fund managers are putting it to work immediately, almost artificially keeping the markets up! This should end though.. at least I hope so. A strong INTC report would really delay, and possibly wipe out a "correction" for a while however. Just my thoughts, Mike

To: yard_man who wrote (16294)	4/14/1998 10:51:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 94695

Just to see if there should be anything to them, I have taken to checking the Marketgauge indicators every day, counting up those that are any way negative against the positive ones. Although I am heavily hedged (or have bets placed) for a market decline, I am waiting for some sort of technical confirmation that bear market is under way before I add anything else to my bearish position and certainly before I buy any puts. As one can see-- marketgauge.com these indicators are actually only barely bearish, which is unusual, and most of them are neutral. So they confirm nothing either way. My idea is to try to see them like the Wall Street Week "elves" of the 1970s, true technical indicators and not people (as they are now) and perhaps less subject to mob psychology. I think that back in 1975 the "elves" went to a plus six out of a possible ten--and also did pretty well at predicting downturns. Anyway, no more bearish speculation for me until I am a lot more confident that a bear has been positively identified.