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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (44591)	5/12/1999 1:58:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

At the moment, it is unclear whether this is the 'D' of the ABCDE triangle (40%chance)I referred to on the weekend (in which case there is an E up to end the pattern)--or the E of the pattern ended at 79 on Monday (E waves have a habit of coming up short since it is the end of the pattern)--60%chance. If the E ended on Monday, we will likely go still lower into the 65ish area.... So, it's take your pick at present.....I do think crude will take out this am's low of 17.34ish btw

To: Crimson Ghost who wrote (44591)	5/12/1999 1:59:00 PM
From: John Doyle	Read Replies (2) \| Respond to of 95453

I recently had the opportunity to talk with two large money managers. The question I ask them is; would they be doing any asset allocation this year away from stocks. Both said no! So I believe there will be vicious sector rotations this year. We have already seen this with the deep cyclical's and the OSX stocks to some degree. Many think this is just a dead cat bounce. I think not. I have talked with employees of American Express. They are not allowed to purchase computer equipment at all after November because of Y2K. Once the market gets wind of this (no technology purchases) Where will the $ flow. Also if oil gets to $27, will money be in the bank stocks. So how do you play it. Easy, in the OSX.