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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Bull RidaH who wrote (22152)7/23/1998 5:50:00 PM
From: jef saunders  Respond to of 94695
 
carl, david, jim, and everyone else, THANKS
for the discussion. some of my holdings did
lousy, and i had to go walk for a couple of miles
after the close to help ease my stomach.

my STB star bank is actually holding up rather
well, i bought more yesterday, and the 70s
are holding.

p.s. also, a special thanks to bill who tried to
keep me from losing the money i have this
last week.



To: Bull RidaH who wrote (22152)7/23/1998 6:40:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
David,

I recognize that the rally could broaden from here, but I'm not sure I agree it is likely. I am not a technician. I have made some bearish bets (Sept, Oct, Jan) -- but won't be surprised if there isn't a good move down until the latter part of the year -- I do expect one though before the end of the year.

My only point is that A/D hasn't meant anything for a while and may not for a while longer. All I do is keep increasing my cash as I can. I don't care if I miss the last big spike that everyone seems to believe is necessary before the end of the cycle.

If you can time that well -- I say good going. I lack the confidence and tolerance for risk to even contemplate something like that.

Take care,
Tippet

PS - Lots of other good wisdom in Ecclesiastes if one understands the point-of-view. When one is wise and has all the wealth of the world -- what so many think is so important seems like so much trash.



To: Bull RidaH who wrote (22152)8/1/1998 12:04:00 AM
From: Vitas  Read Replies (2) | Respond to of 94695
 
<The perfect prior parallel to the large cycle picture we are currently in is the Oct. of '63 time frame (Kennedy had just been assasinated, causing a spike lower in the markets that parallels the spike lower we're currently having to the T).>

This time around maybe the President did himself in.

Vitas



To: Bull RidaH who wrote (22152)8/1/1998 1:27:00 AM
From: James F. Hopkins  Read Replies (3) | Respond to of 94695
 
David; RE> (Kennedy had just been assasinated, causing a spike lower in the markets that parallels the spike lower we're currently having to the T). ...
That spike down was the Cuban Missile Crises, which peaked in
OCT 62. People were scared s*htless, and likely not as scared
as they should have been.
It never came out till a couple years ago, But the General in Cuba
did not have good communications with the Kremlin, and stated
as fact, had we launched the assault the hawks wanted,
He would have had no choice but to counter with nuclear weapons,
and they had 18 of them loaded and cocked, and was ready to use
them he would not have needed an OK from the Kremlin had we
deployed the assult troops that were fully ready.
That would have started a nuclear war beyond the imagination
of most people reading this, and in fact no one would be reading
this had it happened, those left would still be putting the
pieces back together..there is only one other time I know
of that we may have come taht close and within hours of ending the
world as you know it. Most people are still in the dark about
both times, we were like 5min before dooms day, and the people
responsible still don't wont admitt how bad they screwed up.

The Next year when JFK was assassinated the market did a little knee jerk and went right on up.
Jim