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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: akidron who wrote (26672)	11/24/1998 9:00:00 PM
From: Paul V.	Respond to of 70976

Akidron, I was just following the data which Gottfried's BTB data and charts, IBD, DW and what this thread provided plus my philosophy of, "What is the downside gain vrs the upside gain" in determining my decisions. I use the fundamental analysis of NAIC, buy the Gorilla's and rely on technical analysis regarding timing. It appears that Tom Dorsey of the Dorsey Wright site is excellent. I am becoming a true believer in his Point and Figure Method. The rest was luck. Guess the "bird of paradise" was riding on my shoulder.<ggg> The problem that I have is when to sell at reasonable highs. My DW reasonable high estimate is $64 and high standard deviation high of past years absolut highs is $101.50. In 1996 we beat the absolute high standard deviation of approx, $104,25 with $108. With a pe of 53.6280 at the close of today we exceeded the high pe of 51 in 1996. We did break a wide double spread today at $42 when we hit a high of $43. It appears that the next real resistance is at $53 with $54 being the all time high. IMO, we must have a correction before going higher. But, I will not argue with the tape nor the FED. Are there any thoughts on whether the FED will lower the FED rate before the end of the year or early in 1999. I will be posting the weekly DW data later tonight after I get it compiled. Thanks for the compliment. Just my opinions. Paul V.