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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (37782)	2/27/1999 11:01:00 AM
From: bobby beara	Respond to of 94695

Kip, it will be the millenium crash down the the 2000 support line (2nd impulse down off the top) Another interesting trendline is the nasdaq rising topsline from october 97, 4/98, 7/98 - which provided support on feb 10th and also is the neckline off the H&S pattern. Break this support on big volume and we move quickly down. More ugly sentiment, Carl Swenlin (who is a great t/a) in last weeks TAC posting on Decision Point was talking about a new paradigm in measuring the market based on breadth (he is also looking for new highs in April). You know what Galbraith sezs when people start talking about New Pair o dimes -g- Human nature is repetitive, new paradigms aren't worth a dime -g- People who are long in this market are going to remember people talking about the sentiment in January the most bullish since August 1987 and kick themselves -g- It is interesting that the a/d line topped on 11/6 and that's when the speculative excess started, with internets popping and intc gapping to new highs with declining fundamentals. The broad market peaked and all the money went into mo mo's. Everything from 11/6 is fluff & blow-off top, we should correct back to 1150 spx which is 11/6 high and the 12/14 low and the nasdaq is going to bomb. A down Monday & Tuesday will be a confirming Titanic sell signal (five lower closes), January missed that element. bwdik, bb