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: Bull RidaH who wrote (28466)	9/21/1998 12:08:00 PM
From: Investor2	Respond to of 94695

Re: "What saith thee?" Many companies are at or approaching price levels that I would call good buys on a valuation basis. That observation, however, assumes that there is not a world-wide depression on the horizon. If we move into a 1930's-like depression, than the current valuations aren't so good after all. <G> I'm currently about 65% into equities (long) and 35% bonds (mostly U.S. Government). I guess time will tell if this is appropriate. Best wishes, I2

To: Bull RidaH who wrote (28466)	9/22/1998 3:27:00 AM
From: Jay8088	Read Replies (1) \| Respond to of 94695

Have you changed your short term outlook due to today's surprising and rather strong reversal? BTW Telescan's short term trading signal, BBR gave a SELL signal today ( it went negative despite up SPX day). So maybe today's rally is a suspect?

To: Bull RidaH who wrote (28466)	9/23/1998 4:32:00 PM
From: Investor2	Read Replies (1) \| Respond to of 94695

I said: "Also, how will your read change if the S&P does close over 1047?" You said: "... I'd expect a run towards 1076SPX, and if that cleared, up to 1110SPX, before the next waves down began." Well, 1076 is only 10 points away. The market could easily move that high by opening tomorrow. I guess the question that remains is whether 1076 contains the move or whether we see 1110. I'd be interested in hearing your thoughts. Best wishes, I2