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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Laurie who wrote (15908)	4/30/1998 10:40:00 PM
From: Doug R	Respond to of 79383

Laurie, Ocote's post has that question well in hand. I entirely agree with him. The last correction in Oct. actually showed up in the charts as far back as August. That's when the heavy duty money began shifting out of equities. When that pebble cracked the windshield in August, interest rate jitters were blamed. Indonesia and other small Far East country's currency problems were the real culprit though. If you look at a chart of TLK from that time, you'll see how the 233, 21, 34 sell signal on the Dow and S&P corresponded to that stock's breakdown. If the current sell signal is a valid one, the reason for it is already out there. Maybe it's the Euro talks or another shock wave from Asia. One thing is for sure, the media doesn't have a clue. Doug R