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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (8225)	11/10/1998 10:33:00 AM
From: donald sew	Respond to of 44573

Tom, >>>>>>> what would have to happen for you to believe that we have seen the top and that any rally from this point on will be confined to the recent highs?? <<<<<<<<< 1) Market internals to start deterioating would be better, but if they just remain flat at current levels, like the NEW HIGHs. 2) If we dont break the recent highs during the next upswing significantly, thereby forming a double top. 3) The longer we stay below the recent highs, the probability of the top forming increases 4) The BKX, TRAN, XAL continue and increase their downside move. 5) Major overseas markets (JAPAN, FRANCE, BRITAIN, GERMANY) do not exceed their recent highs and forms a DOUBLE TOP. 6) The NAZ to stop its divergence to the upside. If the FEDs do cut rates, subjectively I do feel the markets could shift slightly higher, and for now I feel 9100 to be the TOP, if that was to happen. Seeya