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.
Politics : Idea Of The Day
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paxb2u who wrote (14328)11/17/1997 12:59:00 PM
From: MonsieurGonzo  Read Replies (1) of 50167
 
Peter; RE:"Where do you see the resistance level ?"

SPX = ~950. If we can surpass this level with authority, there should be a re-tracement of some sort, whereby quality capital comes in as support, indicating that the new UpTrend has staying power; Or, at least, that the intermediate-term DownTrend has been replaced by consolidation or basing.

One bullish scenario is that overseas investors have few choices but to put their money into $-denominated bondz and equities.

Where do you see the next test, Peter ?

-Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News