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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (26100)	5/7/1999 3:26:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I am looking at this comp break and find this chart helpful-- we are sitting at 50 days EMA and if we break this today.... clearstation.com we can go to as low as 2350 the 50 days MA sits at that level, quote.yahoo.com^IXIC&d=3mm 2350 is the first support...if 50 days EMA around 2466 is taken out, a break of 2520 and 2110 again notified us a bit ealrier of this steep sell. On DOT I would think that 600 is the first support, next would be 580 and than 540, the momentum players have to hold like AOL 112, ATHM 145 CMGI 220 QCOM 195 EGRP 100 INKT 95 AMZN 137... if I see break of these supports DOT will have a sharp correction, if these supports remain intact we can see a bounce of 580 area rather a little higher at 585-90, this will be third test of below 500 but making a higher low, however I see lack of momentum in the stocks and this what internets need, in no way you can deal with this sector through any other way of vlauation.. A close above 625 or a break of 615 will give you some indication of momentum but I would not advice to go for bargain hunting until 628 is taken out solidly or to be more precise a break of 2504 on Comp... Looking at this chart of IIX another internet index I follow I see-- clearstation.com that we have two double peaks and we are going to test this 302 area if we take this out we go much lower to test 250-265 band.. I will like until next FOMC meeting to be cautious, I will like pits to go thru this 1318 area and test 1292 for a valididty of the market level, I think market after bond test of 5.7 yield range needs that test of support, last time we had these yields market was at 990... the perception will only change if stram of economic numbers give confirmation of non-inflationary growth that I expect but in the interim just trade where opportunity presents itself...I will rely on pit info and trade accordingly..

To: IQBAL LATIF who wrote (26100)	5/7/1999 7:17:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Morning IKE while i am sitting on cash, i am still very bullish...a good empl # and the end of the War, would give a nice boost toward 12,000... lots of money sloshing around out there..if their selling bonds, they have to put the money somewhere... i just feel a lot better, took some preasure off, and will plunge at a moments notice...<g>... i have a nice list of explosive plays on the agenda..don't even have ONE PUT!!!...not ready to play the downside yet... i see the second close below good support on the NAZ 2500...we should at some point test the recent lows of 2329... however both the SPX & OEX have NOT given sell signals...it could happen today..we'll see...don't want to guess, i'll know what action to take as these indicators move one way or the other... my 2 early warning P&F indicators are overbought right now...they have to correct at some point..i'm going to try to beat them to the punch if i can....:>} have a nice one guy..say hi to the family please...