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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11714)	4/21/1999 3:52:00 PM
From: Robert Rose	Read Replies (2) \| Respond to of 99985

FWIW, my inets are exploding at the end of the day. second best day ever at the moment. Will the day pull into first in the next 10 minutes? Is this seesaw action of the last week a sign of a topping off process? Rob

To: donald sew who wrote (11714)	4/21/1999 5:11:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Don, did you catch steve towbin of lehman bros. on cnbc? this is an analyst i have tremendous respect for. he said that we must watch the 1260 level on the spx. if breached to the downside, he reckons a major correction will be upon us. he also said that bullish sentiment is not yet at the extremes usually seen at tops,so we may still go higher before that happens.nonetheless,he expects a correction fairly soon.this is one guy who's right more often than not.and i noted that what he said sounded very much like what you posted earlier today,regarding short term expectations. so you're in very good company. btw, IBM came in with 1,55c. vs. consensus of 1,41c., a very good report. GNET and CNET also blew away their estimates (0,07 vs.0,02 and 0,09 vs.0,03), so the recent trend of positive earnings surprises continues(CPQ excepted)apace. it'll be another shot in the arm for the market tomorrow. and we know now why the market went to new highs in the first place. regards, hb