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: John T. who wrote (25519)7/17/2000 10:03:26 AM
From: Paul Shread  Read Replies (1) of 42787
 
John,

I've been following the bearish wedge on the SPX too, except that my read on it is a little more bearish than yours, so I could use a reality check. I see it as starting with the right shoulder of the reverse H&S just under 1440; hence, a 100% retracement would take us below 1440, and quickly at that.

I should add that the Nasdaq is forming a bearish wedge in the weekly chart since bottoming at 3042; almost invariably a bear market formation. That would seem to indicate that the Nasdaq will ultimately go much lower, IMHO. In the 60-minute chart, the Nasdaq seems to be forming a rounding top here.

Paul
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