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: William H Huebl who wrote (32113)	10/21/1998 8:23:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bill, >>>>>>>> My indicators now look like where they were going into the first full week of May 1997. And that means BUY with both hands! <<<<< While comparing patterns on weekly charts of major declines over the last few years, my indicators are showing something similar to what your are saying for MAY 1997. It is giving the impression of a breakout mode. However the major and obvious differences is that in MAY 1997 the market was at its highs, after rebounding from the correction in MAR/APR 97, right now we are still about 10% below the highs. Not sure if that should be discounted. Im sticking to my position of a trading range until it breaks 8800 to the upside, so I will still play both sides. Yesterday, before the market came off substantially off it highs, I was having doubts in going short, but with that strong pullback, feel comfortable that there will still be playable pullbacks - not looking for anything large. I realise that we could be up today, but look at this action as a possible mini-top to retest yesterdays highs. Now if we break thru yesterdays highs immediately then I may have doubts again going with a small short position. On the other hand, I will also be in on the long side. seeya

To: William H Huebl who wrote (32113)	10/21/1998 8:42:00 AM
From: Skeet Shipman	Read Replies (1) \| Respond to of 94695

Hi Bill, I have some strong market indicators also; yet, my economic indicators are undecided to negative. So prudently I'll use one hand to buy and the other to sell. The volatile often counter-intuitive moves in global financial markets are too easily being explained resulting from hedge fund actions. I believe they are symptomatic of more fundamental changes in the economy. Skeet