Le coin des francophones 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.

Non-Tech : Le coin des francophones

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sirinam who wrote (18757)	5/25/2000 3:07:00 PM
From: sirinam	Read Replies (1) of 77509

Pour info: provenance Briefing.com hier p.m. Le 62% de retracement fait r‚f‚rence … la th‚orie de Fibanocci.Y a-t-il un problŠme selon vous … ce que je publie un texte qui vient d'une source payante? Merci. Chart Watch (OPENX)The selling spree in the Nasdaq Composite off of the March high has potentially moved into another phase in the wake of the penetration of the April low (3227). While the pace of the breakdown has not dramatically increased following this move, unless the index can build value beyond the above barrier over the near term, it will remain vulnerable to further decay. Therefore, we thought it prudent at this time to suggest possible termination points under this weaker scenario. An initial target is at the psych barrier of 3000. A test of this floor and the overdone technical posture could trigger a round of bargain hunting but the April low will remain a key to a more sustainable advance. Failure to accomplish such a sustained turnaround brings into focus technical levels of more significance at 2923/2874 (Oct/Jul 1999 highs) and 2800 (62% retracement off the Oct 98 weekly low). The lower end of the target band comes into play at 2632/02 (Oct 18 low/Apr 27 high). Numerous individual issues, including Microsoft (MSFT), Applied Materials (AMAT) and Juniper Networks (JNPR), are in a similar technical situation. Follow through selling in MSFT targets $55 (200 day moving average) with a break pointing to weekly barriers between $49/43. AMAT is rapidly approaching a solid barrier between $66 1/2 and $64 1/2. This represents a 62% retracement off the Oct 99 low and its 200 day moving average. A run through here targets a congestive zone between $57/55. JNPR has already probed its 200 day moving average. Without a recovery beyond $155/160, it will shift its focus to a series of highs between $128/125 (Dec 99). While the pain may persist over the near term, the widespread oversold technical condition and the important supports mentioned above should present opportunities to benefit on the long side. -- Jim Schroeder, Briefing.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next