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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18633)	12/2/1998 8:39:00 PM
From: space cadet	Read Replies (2) \| Respond to of 69315

It occurs to me that the RUT may be making a double top here. I think the action has moved away from the small caps, back to the big market leaders yet again. I will be surprised if the small fry can keep up with the leaders over the next 6 months. Right here the market seems to be at a transition point. Acampora is calling for a trading range, which seems to be about right, with a top around 9400. What do you think is the bottom of the range? However, I don't feel confident about the market direction right now. It's absurdly expensive, but with any encouragement at all (another rate cut perhaps?) we will head straight for 12000. But I have a hard time believing that msft dell csco emc can continue to trade with p/e's between 50 and 100. It wasn't all that long ago that 40 was considered a pretty steep p/e. Cramer had a good column a while ago on how everything has gone perfectly in the financial world for the last two months. I agree but that probably means it's about time something unexpected happened. Murphy is usually right. No real news today so tomorrow will be interesting to see what direction the market goes in. I suspect up...