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: HairBall who wrote (30523)	10/6/1998 10:44:00 PM
From: bobby beara	Respond to of 94695

...it needs to do it soon!... I agree, scarey month is make or break. bb

To: HairBall who wrote (30523)	10/6/1998 10:53:00 PM
From: HairBall	Read Replies (1) \| Respond to of 94695

bobby: I am re-posting this, since SI lost some of the post and I did not note it until it was to late to edit. You know I have been firmly on the side of a down trend since mid July! I have not wavered from my stance. I downloaded my End of Day data for tonight. I spent a little more time tonight looking at the Indices and less time looking for short plays. I am now noting two things that concern me regarding my stance on the downturn: One: The Dow Utilities have not confirmed this down turn. (I know lower interest rates is better for the Utilities than the other Indexes, but this is getting to be quite a divergence.) Two: My Cycle Indicators are registering extreme negative momentum readings on the Dow Transports and Russell 2000. This implies an overdue bottom of some sort. Now I am not calling for a resumption of the bull, maybe just a pause in the bear or a real bear rally! However, I am beginning to feel, if a big break to the downside is coming, it needs to do it soon! Say, within the next 10 trading days! I know I am getting ahead of my indicators with this and I always wait for the actual signal before I act! But one can after years, get a feel for what they (the indicators) most likely will signal in advance! Any day now or not...<g> BWDIK Regards, LG