Point and Figure Charting 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 : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Jordan who wrote (23769)	9/23/1999 6:55:00 PM
From: Ms. X	Read Replies (2) of 34811

Market update: The Dow Jones broke major support today and it has broken through the bearish resistance line earlier this week. The Dow may rally but with its current position a rally could be setting up a larger move down. A spread triple bottom break at 10400 today was the boo boo. You know already the indicators with the exception of the OPTI have been negative so this or rather these moves in the Dow and underlying market shouldn't be of any surprise. The NYSE BP has support at 42 and the OPTI at 40/42. Either breaking those support levels wouldn't be good news for the market. Don't try and guess the bottom here. No use doing it. It's OK to be out of the market and taking a vacation like I suspect most of you have been doing for a couple of months now. This is good to have it move down like this, gives us nice opportunities later. Take care, Jan I am

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next