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 (17281)	4/25/1998 1:14:00 PM
From: FJV	Read Replies (2) \| Respond to of 94695

<<I don't think.I can see where Jerry Favors says gettting oversold(altough WE know it's not yet!)>> Take a look at the hourly SPX chart. You'll see oversold readings for the following indicators: CCI, ADX, stochastics, RSI, Williams,and momentum. IMO, on a VERY S/T basis, we are oversold. There is a good possiblity of a pop on Monday morning which should fail. I agree with Jerry Favors that next week's down draft will be a temporary trap for bears, that the first few weeks in May will LOOK like a resumption in the bull. When the Fed tightens in May, however, the ball game will be over for the bulls for quite some time. Of course, BWDIK. Franco

To: Barbara Barry who wrote (17281)	4/25/1998 2:06:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

BB, Absolutely nothing wrong with asking from what I stand, sit, etc... iqc.com The 5 minute SPY chart shows the turn-around in progress and the divergence of ALL indicators making higher lows while the SPY makes lower lows is telling. For me, the sell-off will be AT LEAST 5%... and the bounce back up will hopefully knock a lot of premium off the puts... that ALWAYS seems to be the case and if you can position yourself so you have orders in place... well, THAT's a tough nut to crack. I expect to be back late Wednesday night unless I can get an earlier flight out. I will post Thursday am early. I WILL have a laptop with me and if I could only figure how to use it... Bill