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 (23264)	8/4/1998 11:32:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 94695

Bill and ALL, - 539 NEW Lows on teh NYSE today...simply awesome...that number was higher than the Oct selloff. - -1755 tick at one point during the day, lower than the Oct97 selloff. But here is the kicker, the Arms index only got to 2.02. In October it was over 10! We didn't have a capitulative type of selloff today even though a shit load of damage was done. Maybe we get it tomorrwo morning. I'm going out on a limb here, but i bet we get a snap back rally tomorrow just because NOONE is expecting it....If it does happen, then use the strength to sell into it. Also the 50day MA will be resistance (assuming the DOW trades and closes above the 200day MA). Paulo