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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (16651)	10/15/1998 4:09:00 PM
From: KM	Read Replies (1) \| Respond to of 42787

I think one thing is a hoot. Apple was STILL down.

To: dennis michael patterson who wrote (16651)	10/15/1998 4:16:00 PM
From: Judy	Read Replies (2) \| Respond to of 42787

That is why I said Favors had no technical reason yet to say that the market would go lower before going higher, no matter how confident he sounded during interviews. Resistance levels must be tested HARD, and either hold or break ... just as supports must be tested HARD. Wow, SPY went crazy thru its 200-day ema. Time to mull over how the investing/trading environment has changed for the intermediate term. My sense is still another rate cut in Nov is a given. A falling dollar is also good for emerging nations ... mitigates the risk of their currency devaluation. Now if the IMF comes out with a palatable package to bail Brazil, the Latin markets will rally ... so will the Asian markets, to be sure there will be a snowball effect on the US markets.