Ask DrBob Message Board - Msg: 17440413

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 : Ask DrBob

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Louis V. Lambrecht who wrote (59079)	5/8/2002 11:45:21 AM
From: stan_hughes	Read Replies (1) of 100058

LVL - Yes, many a pair of jockeys are currently feeling like an undersized thong right now. But this would really only apply to those who were late to the bear costume party, we are still in the basement relatively speaking. The 1100 area (also the bottom of mini-downleg #1) seems neighborhoodish enough to me for now, although SPX has the February bottom resistance in the 1080 area to contend with. Another thought, however premature, should we reset back to 1100 - the first two SPX down legs were equidistant 75+- drops, and Momma always told me good things come in threes. Haven't really got a firm enough handle on the broader implications of that yet. 1025 SPX at the end of May would confirm the long term break and open up a very large can of worms, with prints a lot lower than 1025 baked in. All moot however if the triad downleg pattern never completes. Gold rally and market crash, or gold bust and market rally? Where's that Ouija board?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next