Market Trend Analysis from MomentuMonkey 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 : Market Trend Analysis from MomentuMonkey

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stcgg who wrote (96)	8/25/2000 10:34:26 PM
From: Stcgg	Read Replies (1) of 281

MARKET UPDATE - A hoax on news with EMLX gives substance to the direction of the Nasdaq, that of a bearish corrective rise in a downtrending market, yet to reach it's bottom.. I'm expecting a strong pullback early next week, prior to month-end window dressing, with a hi around Labor Day.. Sep 3-4th is also a fibonacci turn date.. This pullback should take Dow back into the 10800 area before a final thrust up to the 11425 resistance level.. I believe this will signal an important secondary market top from which we fall to retest the Spring lows.. The next fibonacci turn dates (for these lows) come in around Oct 27-30th.. The Nasdaq and SnP should make new lows during this decline heading into late October, below their Spring lows, due to the fact that they are still exhibiting a 5W down/3W up bearish downtrending pattern.. But I also see light at the end of this tunnel, which can only be achieved with a true bottoming out, followed by a massive increase in buy volume, typical of the Fall season.. Here's an excellent learning site on Elliott Wave Theory..http://www.aeroinvest.com/about/elliott/index.htm >><<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next