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.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: Bill F. who wrote (31426)4/8/1999
From: IceShark  Read Replies (1) | Respond to of 86076
 
WHAT?

POS3 is a tough monster to bring to heal.



To: Bill F. who wrote (31426)4/8/1999
From: John Pitera  Read Replies (1) | Respond to of 86076
 
I hear you Bill, I think we are days, if not hours away, from
the July 20th 1998 experience for most all of these vertical risers, but who knows
what madness will get invigorated come June-July......-ng-

and as you know, it's always easier to let some other idiot fall on his sword, before you fall on yours. -ng-



To: Bill F. who wrote (31426)4/8/1999 12:04:00 AM
From: Lizzie Tudor  Read Replies (4) | Respond to of 86076
 
i am thinking hard about amazon.

Don't do it until you verify the rumors that Amzn is looking into a relationship with e-toys (of Santa Monica Ca). e-toys is hot... I don't know if you have kids but shopping for toys is not a hands on experience ... just like books. Toys over the net is going to be big and etoys is the leader. I don't know if there is anything to this rumor but amzn did it before with drugstore.com and personally I can't figure out why etoys isn't public yet with the inet ipo appetite being what it is.

If no e-toys connection then amzn will fall with all the other nets in may but you are still fighting the tape! Why, oh why you people do this I will never know when there is easy money in shorting software. You're like a bunch of pirates or something.



To: Bill F. who wrote (31426)4/8/1999 12:13:00 AM
From: John Pitera  Read Replies (2) | Respond to of 86076
 
Bill,

Today was the 30th day of the 30 market day turning point pattern and the
market accommodated the pattern by seeing most indices move to recent highs
and some indices like the Dow and the S&P move to all time highs both
intra-day and on a closing basis. We should allow at least plus or minus
one market day, especially because we also within one to two days of the
Bradley Pattern high for the year and within one day of a Martin Armstrong
cycle date.

Market breath--

Let's start
with the Dow. Almost everyone knows that the Dow closed comfortably above
10,000 today, and easily made a new all time high on both the closing and
intra-day basis. OK. Guess how many Dow stocks made new all time
closing highs today? Amazingly, two. As for the broad market, we know it is
an old story, but with the same kind of day after day negative divergence,
a divergence of this magnitude has taken place only once before in the
history of data going back to 1926 and that was 1929. This is very much like the period
after the week from around June of 1929, through the final high in September,
the breadth kept diverging equally as dramatically as it is doing now.
all in the 1930s, the 1940s, the 1950s, the 1960s, the 1970s, the 1980s, or
the early to mid 1990s. It did happen in 1929, starting on June 21 of 1929.
It happened in late June, mid to late August, and early September at the
final high on September 3 for the Dow. From the first such occurrence in
1929 to the final top, was 74 calendar days. The first occurrence in this
time period was on December 21, 1998 and if you add 74 days to that date,
it brings you to March 5. We are now one month beyond that point, telling
us that the almost unprecedented breadth divergence has now lasted longer
than it did in 1929. -ng-



To: Bill F. who wrote (31426)4/8/1999 12:59:00 AM
From: Lucretius  Respond to of 86076
 
no stock to short last time I checked (was just checking mind you.. I would never start hunting that beast until it REALLY breaks down.)