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 : Drillbits & Bottlerockets
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jorj X Mckie who wrote (3400)2/13/2001 11:53:07 AM
From: Don Pueblo  Read Replies (1) of 15481
 
The recent bottom on the Naz is leading me to conclude that our resistance point has become more clearly defined, at least in the shorter-term. I see it as around 2640.

The best possible scenario now is for the Naz to move up to around 2640 or better, then pull back to anywhere above 2435, and then take out that short-term high of 2640 (or whatever it turns out to be).

The worst thing that could happen is a move up to that resistance point and then a move down below 2435. If that happens, I doubt if we can hold that 2251 low of January 3.

In other words, we should see very soon whether or not we have a bottom or a mid-level consolidation pattern that will take us lower.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News