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: Gary105 who wrote (28996)	9/26/1998 12:26:00 PM
From: GROUND ZERO™	Respond to of 94695

Gary, Honestly, I don't think so, but I also expected to see stronger upside follow through. I think if we test these lows, and at this point I still don't think that will happen, it will only try to test them and then continue higher. But, I don't see 6500. BTW, I also initially thought that late October would be the time to buy around 7200 on an intraday spike down, maybe it still might be, but I bought on the day of the first key reversal into good support about two weeks ago. And now, there are too many gurus touting a low in October which makes me think it won't happen. The majority of gurus' consensus is never right. I think they just hear each other talk and then repeat what they hear because it sounds in vogue and cool at the moment. This may just be my bias because I don't hold any guru in reverence. The bottom line? I've been long now for a few weeks and see no reason to sell at this point. The stocks I picked are doing well and some are near their old highs, some are near their recent lows. I suspect it will get choppy for a while, but I believe that after these markets shake off the jitters, the direction is up from here. BWDIK GZ