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 : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (919)	8/1/1998 11:17:00 AM
From: Les H	Read Replies (1) \| Respond to of 3339

I think the semiconductors and some of the hardware stocks may be the leaders in the next market run. The computer software and computer service stocks are lagging badly. I had two buy signals in AIQ this week but yesterday's action did damage to the confirmed buy signals which dropped from 79% to 53% (confirmed by 10-49 EMA crossover). I think a test of 8500 and a shakeout below it may be necessary to raise the bearish consensus. Today's Barron's has Peter Eliades article on double tops and bear markets.

To: epicure who wrote (919)	8/3/1998 4:56:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 3339

X, >>Does anyone out there see a rally next week? I see a rally from around 538 OEX 1090 SPX. By the time this target is reached, today or tomorrow, the market would be oversold and have to correct, but that rally is going to be short lived (3-4 days) and the down trend should resume as soon as the tecnicals calm down a bit. Next stop 200 DMA around SPX 1030. After the wild jump on Thursday the market gave all the gains back on Friday, and then some. This should discourage dipsters further, and we may see a very sharp drop today. GLOBEX futures around 11-12 points below fair value give the taste of today's market. I suggest if you're going to try going long the futures, wait until very late today (after 14:30) or, preferably, tomorrow morning. ATG