SI
SI
discoversearch

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 : Stock Attack -- A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chris who wrote (23828)5/31/2000 10:30:00 AM
From: donald sew  Read Replies (1) of 42787
 
Chris,

I would agree that it would be a positive if the NAZ could close above the 21 DMA and stay above it for a few days.

Per my INDEX UPDATE of MAY 27, I mentioned that the 21 DMA has been resistance for the recent rallys. Since I was eyeballing it when I wrote it I mentioned 1550 as the 21 DMA, but its closer to 1500.

If you check the previous short-term upswings the NAZ did break and close above the 21 DMA, but the next day it pulled back below the 21 DMA and thereafter continued to sell off. Since my short-term technicals are so close to a CLASS 1 SELL signal(one more day) and that the NAZ is close to the 21 DMA, I am more inclined that the NAZ will pull back in a day or 2, and could be as early as today.

seeya
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News