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: James F. Hopkins who wrote (21936)	7/20/1998 2:54:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Wamy; SPX is down 10pts in three hours,

To: James F. Hopkins who wrote (21936)	7/21/1998 8:08:00 AM
From: donald sew	Read Replies (3) \| Respond to of 94695

James, I also feel that a correction will happen very soon and I have the 4 days period of July 30-AUG 4 for the actual top to occur. The weakness that we have seen since Friday, I think should end today thru Thurs, then a last upswing before the actual correction starts. Japan will have their election on Friday and whatever the result feel that the image will be on the positive side and should support a rally overthere. Also the charts on the JAPAN market is showing higher highs and is hinting a breakout to the upside soon. As the U.S. markets were a safe haven, then as the JAPAN/ASIAN markets rally the reverse should happen where money will be pulled out of our markets to support the ASIAN rally. I am not saying that the Asian problem is over, just that their markets should have a rally shortly. The market internals are not improving significantly, but is not really getting worse either; therefore feel there is some more helium to support one more upswing. I hear many mention the OCTOBER correction last year, but rarely do I hear the media or talk on SI that the correction actually started in the first week of AUGUST 97, not OCT. The market reached its peak around AUG 5 at about 8300 and pulled back about 600-700 points and then rallied in SEPT back to end around 8200 in OCT and then the the big dump at the end of OCT. It just surprises me that the correction talk is about OCT and not AUG as the starting point. Seeya