Longer-Term Market Trends Message Board

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 : Longer-Term Market Trends

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

From: AllansAlias	3/21/2008 9:25:54 PM
	Read Replies (1) of 3209

After looking at the charts, I see more things with an up bias after this past week. Still risky to say we've turned for a while, as the index downtrends are still in place. If the Nasdaq can get over 2300, it should run for a few weeks (see below). One has to say, so far, that the lack of the new low on $XMI (proxy for non-tech) and the Dow is bullish. Getting another new low on the indices would just be too cute, as it would all look like a nice impulsive leg down off the top and very buyable for a multi-month correction.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext