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: Barbara Barry who wrote (17120)	4/23/1998 12:07:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 94695

What could be the trigger? Many signs of a top are in place, but assuming the market actually needs a reason for anything, we keep looking for some event to trigger the sell-off. How's this? Susan McDugal (sp?) is now faced with CRIMINAL contempt charges (instead of civil contempt) if she does not start talking. Will she erupt into a fountain of damaging revelations about Slick? Who knows? But we will soon and wouldn't that suck some air out of the collective sigh of relief the market breathed when the Paula Jones case crashed? Just a thought. Bob

To: Barbara Barry who wrote (17120)	4/23/1998 12:58:00 PM
From: James F. Hopkins	Respond to of 94695

Barbara; That divergence is what I look for..like yesterday the tick stayed mostly a nice -90 while the NYSE index went up.. well you got to know that index is going to correct and can't keep going up when most of the trades are going on the down tick. ---------------- I don't have a set weight I put on the tick..it's sort of a seat of the pants thing..I'm comparing it to the NYSE and S&P ... and looking for a divergence..most often they don't show much of one but you got to watch for when they do. ---------------------- Of couse if the tick gets real wild going to + or - 300 to 400 you know the market is getting over bought or over sold at the time..the strong strong up tick most likely being connected to short covering..and the weak weak one to panic or margin calls..if it stays there very long the market will wipe lash.. and you can get in on at least a dead cat bounce.. ------------------------- I use that url a lot. Jim