MARKET INDEX TECHNICAL ANALYSIS - MITA 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 INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who started this subject	12/20/2000 6:09:56 PM
From: macavity	Read Replies (3) of 19219

Nasdaq NewLows = 926 This basically confirms the break of (my) NDX=2500/450 support region. This now turns to short-term resitance. As this was the 62% retracement of Oct98/Apr00 rally I feel it will be a magnet in the coming weeks. Need to go back and look at the long-term charts to get levels. Positives: On the positive BTK and SOX (just) did not break their respective Nov2000 lows. If BTK can hold on and show a daily reversal then I think that we could be in for a nice bounce. I will be waiting (not hoping) for the market to tell me and not guessing (this time). MACD type oscillators showing 'potential' of bullish divergences with Nov200 lows. Negatives: Pretty obvious. High volume black candles everywhere. The selling is not over yet by any means. All trends point down. An interesting point. I was looking at this stock - CCK. I discovered it as it was being eliminated from the SPX. It was a 3 USD and had a 1 USD dividend - not bad yield. Now trading at 5USD+. Not got (my) signals to buy as MoneyFlow all messed up due to index games I guess. Also stock I think has asbestos litigation problems. Looks like yield stocks could be where its at IMO. -macavity

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next