SI
SI
discoversearch

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 (15076)2/9/1999 1:22:00 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 44573
 
Tom,

Yes, you're right. Under 'normal' circumstances, I'd say we've about seen the lows, but I think any rally will be short lived and new lows will be forthcoming for the reasons I posted to you. There are just too many incipient signs of weakness to get my bull juices running, both technical and fundamental. The bear coil I mentioned in an earlier post is generating the major sell off on time.

These markets are behaving like the bear markets of old, the rallies are weak, with no conviction or breadth..... unless an investor/trader has been around before this bull market began in 1987, they haven't really witnessed how a bear market behaves. I think this past week is a good example, and should be observed carefully. I'm sure you've seen it before...<g>

I just posted to Scott, I just shorted one bond at 125-04, just to hold my interest, it's off a recent sell signal and we just had a nice rally today.....

So, I'm short stocks and bonds, go figure.....

GZ



To: Tom Trader who wrote (15076)2/9/1999 1:45:00 PM
From: Clay M  Read Replies (1) | Respond to of 44573
 
I decided to take a crack at the long side and bought it 1229 with a tight stop.