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: William H Huebl who wrote (23165)	8/4/1998 8:05:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bill, >>>>>>> It will be very interesting... Globex is up now at 7 am and NAZ strongly so. If YESTERDAY was Oct 27th, we ALL missed it. <<<<<< Who said yesterday was Oct 27. Frankly, all this talk about Oct 27, I dont think is all that wise. Im just watching the technicals carefully trying to chase as many ripples as possible, whether up or down. And I am not a Bull or Bear. As I indicated yesterday, today and possibly into tomorrow there should be a bounce but wont last. So far it looks good with the futures up nicely. The maximum height for this bounce should be in the 9025 range, if it gets even close, but am more comfortable with a 75-150 range. Dont confuse me with the BEARS who are calling for a strong bear market. I do think that the downtrend has started but I am waiting for the market to break 8570 before I turn more bearish. I am watch carefully for LOWER LOWS/LOWER HIGHS,ETC for confirmation. I will reverse my position on the market if I see a major reversal in the market internals and when we start setting HIGHER HIGHS AND HIGHER LOWS + other key technical signs. Yesterday, we did set a lower low than the lows/dip of last week. I will admit that last week was not a major support line and actually was minor, but it was a support developed on 7/28-7/29. Again, I am not saying it was major but it was still a lower low. Now lets see if we can set a higher high with this bounce. If we break the 9025 resistance I would express concern. As with the bears looking for the crash and bulls saying up straight from here - not sure if it is the best to be directed in this market by an overly strong opinion. Give me higher highs and higher lows and major improvement in the market internals and watch how fast I will change to a bullish position again. Good luck