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: Philipp who wrote (23306)	8/5/1998 1:48:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

The (manipulated) fed model says stocks are only 12.5% overvalued here. Be careful with the index- they can manipulate a few stocks in the S&P now to get the number where they want it. Of course, those earnings estimates may be a problem. ;-)

To: Philipp who wrote (23306)	8/6/1998 7:11:00 AM
From: Philipp	Read Replies (2) \| Respond to of 94695

I just finished scanning some 160 messages on this thread since yesterday afternoon and was disappointed about how little information they contained and how little serious discussion seems to have taken place on this thread. The only thing I got out of it is that the bears (short-/ intermediate-/long-term) dominate and try to reinforce each others' positions. I would consider that a bullish sign (at least short term). On the other hand, this is a bears' thread. I should probably scan the MSFT or DELL (!) threads to hear the bulls and to see whether there is any real fear in the market yet. I guess the real problem is that no-one honestly knows what will happen today or tomorrow. Whether it will drop seriously today, swing wildly again or start a big rally (tomorrow?). Various technical analyses I have seen arrive at completely opposite conclusions. So we have to watch carefully, but with these wild swings that is not so easy. Good trading to all. Phil P.S: I did not watch the action last afternoon, but in retrospect am really surprised that the market did not go into free-fall when the 8400 Dow, 1060 SPX were broken. Real buyers, manipulation, a dead-cat bounce (how high can a cat bounce?)?