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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (40102)	4/16/1998 11:06:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

It's difficult for people to relate. If you look at charts it's easy to grasp why people say the old rules don't apply. It cannot be seen in a chart because of the large up move over the years. The grid has become compressed for the periods that encompassed the great pullbacks of earlier times. Which lends credence for the "real" rules reapplying themselves. Personally, I do not care if the market continues on upward and onward. The real Bears are the ones who say it will, they just do not realize they are Bears. A straight upward slope would lend the market a vulnerability that would be enormous. Who would be able to say where the retracement would be? It's much more realistic to presume a retrenchment now. The Spin Doctors will blame it on Asia or Clinton or some gambling fool on an Internet site, But logically, this market has zip for earnings, zip for equilibrium internationally, the financials are cresting as they always do just before a snapback, There are a lot of reasons for a pullback. I'm a little emotional as I am short S&P futures. So if you have a really excellent reason why I'm wrong? Don't tell me about it.