Technical analysis for shorts & longs 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 : Technical analysis for shorts & longs

SPY 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: shasta23 who wrote (26068)	4/12/2000 7:45:00 AM
From: j g cordes	Read Replies (1) of 68009

Stefan, the thing to remember about the soaring chart patterns you've seen collapse is that its a normal one. If you go back many years, as I do, and witnessed the biotech revolution stocks you saw much the same pattern. If you look at other stocks a little more recently like IOM, you'll see the same pattern. You can see it in the rise and fall of a rock and roll artist's fame, or a hot sneaker for kids, or the popularity of SUV's or TM (Transendental Meditation), or a hundred other phenomena of mass appeal.. they slip. Applying support resistance theory to these soaring charts may not be appropriate.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next