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.

Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (3966)	9/16/1998 11:53:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

Gersh; RE:" yackity-yack, don't talk back " da main man Rubin is gonna talk today, too. Expect them to bash Nippon, Inc. again today. S&P put Bank of Tokyo and Bank of Mitsubihi on negative credit watch last night. And they'll plea for IMF dollars... ...at ~1043 we be kissing the DownTrend Line (drawn from closing prices) as we speak. It's finding apparent support on the 14d EMA (and inter-channel trend line) at ~1038; and seems to be pulled towards the 200d EMA around ~1052.9 In the past, FWIW - on days when the Fed makes announcements, folks buy up stuff before the talk, then things tread water during the talk, then all hell breaks loose (very dangerous; true "volatility" in the traditional sense of the word, as Jurgen mentioned) towards the end of the talk, and then the market takes a nose dive down, afterwards (in the short term). Lots of folks have already flipped and gone short here, just based on the apparent trading range channel. Most likely scenario today is some sort of shooting star - a short-squeeze followed by a sell-off. But it's hard to tell, for everyone, isn't it, Gersh ? -Steve