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 : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (500)	8/22/1998 8:16:00 PM
From: JEB	Respond to of 7247

;-)...I agree!-eom-

To: BubbaFred who wrote (500)	8/22/1998 9:01:00 PM
From: Tim Luke	Respond to of 7247

yes we are in a correction that is about over, IMO we will have another 2 weeks of hell (heaven for me) and then after Labor day this market will start to rally.

To: BubbaFred who wrote (500)	8/27/1998 10:04:00 PM
From: BubbaFred	Read Replies (1) \| Respond to of 7247

Some thoughts to pass along... Downdraft will continue until highfliers such as AMZN goes to realistic level, which is 15. More downdrafts until most recent stock market gurus are humbled and become mere mortals like Granville and Garzarelli. Need to play both sides of the market and be alert. Trend is down. Rallies will be short lived. Head and shoulder formation? Right shoulder is not fully developed yet. Bearish stochastic divergences in the last three months. I am playing puts and calls on selective stocks for bounces, both ways, with predetermined target prices. Only catch one out of ten, but good catches. I am 75% cash and will go 90% on rallies. Anybody else have experienced bear market(s)? When this bear market is over, there will be stocks selling 10 cents to the dollar. There may be plenty of time for accumulation.