Classic TA Workplace 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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: cybersaavy who wrote (133032)	5/24/2006 4:14:29 PM
From: bcrafty	of 209892

cs, a brother down looks like a likely scenario to me Not just on that chart, but also on the major indices since their highs this month (a la Freep's "three down of something or another" comment last week). Nearly all the declines look so impulsive that I think a brother can almost be counted on. The bulls can argue that the Dow may be finishing a 4 off the October low, and Onischka's 4 of C off the January high of NDX is looking about done, but today we violated the top of the 1 under mc's "uberbullish" SPX chart from a few days ago. And there's certainly no "happy family theory" going on this year. Sure, we'll get a bounce that will last a few or several weeks, but I think a lasting intermediate term bottom is months off (barring a major fundamental development - rate hike pause, more serious commodity falloff, etc).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next