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: donald sew who wrote (31861)10/3/2000 4:15:45 PM
From: Challo Jeregy  Read Replies (2) of 42787
 
Donald, this was Wordon (TC2000) report last night -

Assessing the Ground Below

For the Nasdaq, the August low has failed on a closing basis. Next test is the May low. However, lows don't make good, permanent support levels. So we may as well assume the May lows will fail. We now think our original worst-case projection last March of something approximating last year's highs seems logical. That would be down around 2800. The Dow is in a little sidewise cluster that looks like a typical continuation pattern (on the downside). The 27-day TSV has formed a positive divergence, which offers some hope – but the negatives outweigh. If the Dow breaks out on the downside, we doubt that the spring lows will hold. We wouldn't have much more confidence in the March lows. The 1998 highs (around 9200) could be where the winning stand is held. That's quite a way down.
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