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: bobby beara who wrote (18731)	5/19/1998 3:17:00 PM
From: Follies	Read Replies (2) \| Respond to of 94695

bobby, I'm goin' on record as disagreeing here. I think we are headed lower. Basis SPX we will take out 1095 and test 1077 in the next 5-10 days. BWDIK IMHO, etc etc. dale

To: bobby beara who wrote (18731)	5/19/1998 3:28:00 PM
From: Robert Graham	Read Replies (6) \| Respond to of 94695

Is this the relief rally you were looking for?? Looks to be a sell on the news to me. Fears about the FOMC were already partially priced into the market. But it looks that that has not stopped more selling after then news came out. Sentiment 101 What does it mean when there is a sell off on what can be taken as good news: no interest rate hike by Fed? Consider that there was already selling for consecutive days going in to this FOMC meeting right down to near the magic number of 9000. What type of sentiment is the market displaying? 1. Outrageous investor exuberance (this is you, Bobby) "Great guns! I get stocks cheaper now! The new mega-bull run is now upon us! Why wait? I will go out right now and buy that Lamborgini Kountach!" (sp) 2. Positive Market Sentiment 3. Neutral Sentiment: Who cares! Fed? What's a "F-E-D"? 4. Negative Market Sentiment 5. Market is "going to nearest exit, opening the door, and then jumping out of the plane screaming THE END IS NEEEEEEEEAR". Choose one. Bob Graham