MDA - Market Direction Analysis 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 : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Boplicity who wrote (51845)	5/23/2000 6:24:00 PM
From: John T.	Read Replies (2) of 99985

Gregory -- Here are some downside targets for the NASDAQ Composite. Pick one: 1. Gap support between 2919 and 2875. 2. Small head and shoulders pattern with a down side target of 2750. 3. Very large head and shoulders pattern with a down side target of about 2650. 4. The October 18, 1999 low of 2632. 5. Symmetrical triangle with a down side target of about 2505. 6. The long term trend line from 1994. Accoring to Helene Meisler of theStreet.com, 2000 is a possible downside target for the Nasdaq Composite. Meisler suggested: "that the longer-term trendline dating back to the last real low in the market (1994) came in around 2000 on my chart. It doesn't have to get back there, but it could." --OR-- We double bottom tomorrow and never see these lows again! Here's a chart that someone made: geocities.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next