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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (8604)	4/27/1998 9:34:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 120523

Market Assessment: Well, lets see....The S&P500 has three black crows candlestick-wise, and the last time that happened on a big drop it corrected the next day. Then went down even more. The Dow William's A/D needs to stay above 4500, so if it isn't at least a flat day tomorrow, that threshold will be broken. And that isn't a good sign. NCM - The NASDAQ Composite Market Index needs to stay above 1800, and hs a strong history of 4-5 down days in a row before rebounding. The selling frenzy allegedly brought about by Euro/Asian selling and th Wall Street Journals commentary that the Feds were looking at a possible rate hike (which IMHO, according to my read of their minutes and subsequent comments is irresponsible reporting on the WSJ journalist's part). However, my opinions are just about as worthless as anyone else's so lets get back to whatever threshold numbers look telling. The market needs a strong accumulation day tomorrow and a positive close, regardless what index you look at. At worst it needs to be flat. Beyond that, I'll play the day as it comes. I'll keep the same watch list for tomorrow a today and placeno exits for the Position Trading Account, but more likely I will play the first dog to rise. lastshadow