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: Robert Graham who wrote (20486)	6/16/1998 8:28:00 AM
From: Tom M	Read Replies (1) \| Respond to of 94695

Still no fear IMO, MSFT needs to crack ala Merced delay. '99 NT with 64bit support was the reason softie has been holding up IMO. Windows '98 will not be a big cash draw. Now the big money product (64bit NT) is a year 2000 product & the stock has hardly budged. The numbers haven't been brought down yet but they'll have to be. Bill if you're reading, I know FA isn't the most important to you, but 16 times book & a P/E of almost 60 with new negative news about a couple upcoming quarter's earnings should be worth a drop no? What does TA say to you about MSFT? It's been sitting patiently touching the bottom of its 50day for some time now. I still won't be convinced of the bottom of a "correction" without MSFT participating. TA ruled the spring, will FA rule the summer? Who knows!? regards, Tom

To: Robert Graham who wrote (20486)	6/16/1998 8:32:00 AM
From: Robert Graham	Respond to of 94695

I want to add that the weekly chart of the DJIA looks to be still intact even though I think it is also at an important juncture. However, for those day traders here, I would think that the weekly chart is meaningless. The S&P 500 looks to be in better shape with a positive divergence in its ROC and MACD. However, IMO this type of divergence is not as reliable as if the S&P 500 made a new low when this divergence became apparent. But a bounce here appears to be possible. So IMO unless the S&P 500 confirms the DJIA, a market break down has not been validated, even though it does look like one is in progress. Comments welcome. Bob Graham