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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (20744)	8/23/1998 1:34:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79309

Phew, It's a good thing you're staying put. I'd hate to see you floored again. So...do you think the establishment of the Euro will be in time to throw a net under the international banking community? Is Canada a given yet? Does Mexico need another loan? How low will oil and gold go? Have housing starts peaked? Whatever happens over the intermediate term, the long term picture for the market is bullish. The end of the tunnel is approaching...about 9 months away... and that seems to be how far ahead "the street" looks. A huge "backlog" of cash is about to get built in to the equation. When that dam bursts, there will be a huge run. I expect that in the interim a symmetrical triangle across all the market avgs. will develop. A, perhaps, overly optimistic scenario calls for an imbedded ascending triangle breaking back up to 9300 to set up a possible 9 month ascending triangle across the avgs. In either case, domestic positives and global uncertainty will provide quite a stage for a while and during that time, short term trading has a lot of potential on both the long and short side. If a descending triangle develops, the short side will be the place to hang out while waiting for the signal that's, AT MOST, 9 months away. If none of this triangulation stuff has a chance to set up...well...that would immediately signal a bear market. Doug R