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 (11459)	12/31/1998 2:57:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Okay, I see, well, the obvious confirmation is a resumption of new highs, and that's where I'd buy safely unless the a/d turns positive first, but with a bit more risk, any pull back can be bought. Today completes a two day correction. Of course, the extent of the pull back is not quantified...it can be several days and a lot of points. This is why one way to enter is to scale in buying every 10 or so SP points. I'm anticipating an 'OJ' January effect, although it may not even occur, who knows...but I'll just hold my positions and be patient because I don't see a crash... Tomorrow, the Eurodollar will be widely used in Europe as a currency and this will likely weaken the U.S. Dollar, this is good for U.S. Companies who export to European businesses. That's positive for U.S. stock in 1999. The fundamentals and the technicals appear very constructive. The a/d is continuing to widen today also. GZ