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: Bull RidaH who wrote (22785)	7/30/1998 11:01:00 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

David although I do not have an opinion at all on E.W..Would you expect that this quick wave up would be on small caps advancement or narrow as in recent past. In other word could it be -fast good adv / decl with few new highs and nagging new lows (40 -60) In short like oct 87. Or do you see it healthy with rotation and new leadership by value oriented "turnaround techies" Don't mean to put words in mouth - but that is "what nags my mind "and I have learned to value your perspective and mastery of studying past pivotal time periods. Thank you for any input Bob

To: Bull RidaH who wrote (22785)	7/30/1998 11:05:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

David, I hate to disagree with you here, but elliot wave is very subjective and you must use other indicators to confirm. This market sucks big time. The rallies since early April have been fueled by only high flyers, while most of the market has been in a bear market already because of slowing earnings. Yes earnings an valuations do matter over the long term. New eras or new paradigms are stuff that bubbles are made of. In todays rally new lows kicked new highs by a BIG margin, this is a bear market rally, fueled by 20 & 30 something money managers who are to green to know what there gettin into, buyin yhoo and lcos after it broke support - total bafooons in charge of joe six packs money. You better go back to elliot and notice that we closed below the previous wave, 1130 and consider your count. Don't waste your money in this suckers rally bb