Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (32383)	8/7/2000 7:08:34 PM
From: PMG	Read Replies (1) of 50167

Some observations: - we have just one close of SOX above 936 - NDX closed just at the 13d MA resistance - the indices are making round tops on a 10d hourly chart - major NDX resistance should be 3970 (top 6/21 and downtrend from 3/27 - 7/17) and the the 3660-3730 area is resistance zone anyway. So for tuesday, there are at least some difficulties who need to be taken out. If successful, NDX could go as high as 3970. If not, the next leg will be down. I am biased for to a downmove. NOK falling 25% after "normal" earnings, its inability to recover, the delay from the bullish economic data to the rally today and the new "are-semis-cyclical?" discussions show me that interest rates are not the only fear, it's growth. And the level has become so high, that simply some cents more than expected are no more enough. Banking and utilities don't offer visions anyway. Money has been transferred into the better stocks, but know one would dare to say that he's sure the techstocks are now fairly valued. There is a new uptrend line at 3609 which should be enough a support tomorrow. I dont know whether I look at the right things but let's see... PMG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next