MDA - Market Direction Analysis 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 : MDA - Market Direction Analysis

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wayners who wrote (61828)	11/3/2000 5:35:19 PM
From: John Carson	Read Replies (1) of 99985

Wayne, Not sure we got a doji today, probably Monday if anything. Just going over some charts of the COMPX and QQQ, I see three different bearish formations: 1. Rising wedge formation in overall down trend coming to an apex right around the close on Monday. 2. Classic head and shoulders, first shoulder at 10/15, double top head at 10/23 and second shoulder at 10/28, then weird offshoot from second shoulder which is the ascending wedge that we are in now, seems end of the year bulls are trying to crawl out of the head and shoulders. 3. Third double top formation on COMPX since March at 3538 which is also apex of ascending wedge. When this all comes together early next week, break the bear or break the NAZ? Thinking of buying some puts on QQQ on Monday as COMPX creeps up to 3500 before CSCO reports. The charts are making it clear that something will happen soon, seems to be a move to the downside. Could the NAZ break to upside? Maybe Nader wins election and we go up from here?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next