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: GROUND ZERO™ who wrote (13933)	1/27/1999 8:10:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

GZ, There is a new fork in town and it appears to be calling the shots. Don't know if anyone mentioned this fork yet but here it is. Low OCT 8th. High Jan 10th/11th....whenever the high is..... Middle point of those two with the line drawn from the high on July 18th or so..the middle of July. The top tine has held the rallies nicely. The middle tine is at about 1060 or so. It is pointing lower. Of course, before we would get to 1060, there is the other fork with middle tine to halt the fall at 1150. (July high, Oct low and middle off of Jan 98 low). -Scott

To: GROUND ZERO™ who wrote (13933)	1/27/1999 9:07:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

GZ you're right...this kind of action was not in the cards..way to many bulls, way too many problems.. all my indicators say we;re in trouble..but i should caution you and everyone here...just because the NYSEBP has reversed down, does not mean we crash tomr... red blinking lights are out and about...it means take profits on big cap money stocks, that are overblown with profits...it means no new positions in any stock showing signs of breaking down or rolling over... in P&F parlance..any stock in RS in O's, and moveing down..so be very careful when taking positions in stocks that could tank on any surprises... i will sell all my holdings into strength, you should do the same.. in Apr-May time frame 1998, the NYSEBP reversed from 70-75% down..it took 2 months for the crash senario...here it reversed down from 58% BUT after it reversed up from being down already...this new move is not good... i would be xtra careful on anything of any bullish nature... stay fast & loose, just like you've always been...the markets GZ will be here tomr, and yes, even the next day...:>}