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: bobby beara who wrote (24955)	8/23/1998 11:18:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bobby, >>>>>>>> Without the banks and transports all the bulls have left are the speculative techs and the internets and the consumer cyclicals, not much for a meat and potatoes guy like me -ggg-. <<<<<<<<<<< To make matters a bit worse, the NAZ COMP did not rebound Friday as much as the the DOW and SPX. The RUT actually set a lower CLOSING and INTRADAY LOW. It looks like the DOW, SPX, OEX and a few smaller NAZ INDEXs are the ones left to break or hold the whole market up from tanking. As a guess, I think there are less than 50 major stocks which have not yet corrected more than 10%, and that figure may be high - probably closer to 25. Once they break its CATCH-UP time for them to the downside. Has anyone down a STOCK SCAN to see what stocks which still have not corrected more than 10%. Of those I am aware of the following have are close to or below a 10% correction: GE, MSFT, DELL,CSCO, CHEV(11%), EK, KO, IBM, MCD, MO, MRK, TX, XON, INTC. there are more, but dont think too many more of the big boys. Seeya