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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (13901)	8/4/1998 8:44:00 PM
From: Electric	Respond to of 42787

Dont be too suprised if the bounce is as vicious as the ride down was.. I am not saying a bull run forever, in fact it will be fast and it will be followed with a down day.. This volitility is to continue.. So we are in a trading range, a huge one but it seems that we are locked there. I dont believe Ralphy on either front.. the 10,000 front or the 20% correction from here... I do think the FED needs to start looking at the world and noticing that the IMF is running out of money, that many markets are really holding on by their bootstraps, and if they dont start thinking about global implications then we are going to have a global recession, and if we are left standing it doesnt do us any good when everyone else is in the shi$%^er....

To: Chris who wrote (13901)	8/4/1998 10:10:00 PM
From: Sonki	Read Replies (2) \| Respond to of 42787

chris, can u do DIA and SPY analysis, please? thax. instead of dow and spx?

To: Chris who wrote (13901)	8/5/1998 1:06:00 AM
From: Lee Lichterman III	Respond to of 42787

Chris, if you have time take a look at MEL. I was charting it for a friend and unless I am doing something stupid I haven't noticed yet, it fell right through a lower channel support without even slowing down today. This has scared the bejesus out of me. So far I have most of my charts showing strong companies sitting at or near their lower channel lines. If we don't bounce soon, I'll have to learn a new way to chart cause all the old rules will have changed. <ggg>