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: Ramsey Su who wrote (12698)	5/3/1999 11:55:00 AM
From: Jack of All Trades	Respond to of 99985

OT Friend of the wife has a down payment on a summer home w/ the condition that her husband's stock will be worth more in June.... Oh ya they have CC debit up the wazzu, just bought a new Suburban and planning a vacation to Florida this fall. Oh I forgot they also have a second mortgage on the house and he is only income... The bubble is near here in the northeast...

To: Ramsey Su who wrote (12698)	5/3/1999 11:57:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Ramsey Su: I remember when brokerage firms lowered the initial account opening balance to 5K. I thought that was low and would bring in a lot of folks that did not know what they were doing. As of late in checking for new brokerage services, I have noted many are only requiring 2K, 1K and I “hear” E*Trade will let you get started now with just 500 dollars. No wonder the savings rate is way down. Everyone is in the Markets. It does not matter if you know what you're doing...<g> You got 500 bucks no problem, step right into the largest gambling casino in the world... When she blows, the garbage trucks will stop, taxicabs will stop, there will be now one at the 7/11 counter and the paperboy will not make it by your residence that day...everyone will be trying to call their broker...<ggg> Regards, LG Regards, LG

To: Ramsey Su who wrote (12698)	5/3/1999 12:01:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

Ramsey: The DOW is approaching record highs again, but the NAZ and the NDX are not moving. As a matter of fact, they got close to the 10 day EMA or hit it and are hovering just below it. It will be interesting to see if they will be able to break this barrier and stay above it today. If they do, I believe that there might be some more on the upside. But if they can't, then there will be more sell offs. Regards, Jaime