Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (37542)	3/27/2001 1:22:42 PM
From: James Strauss	Read Replies (2) of 50167

Ike: Port In A Storm... ********************** The Dow, S&P and Nasdaq are above their 34 day Linear Regression Lines in price and OBV... This suggests a change in character in the market that could establish the bottom... The reaction to more positive economic news is contrary to the "please the FED" paranoia we've been experiencing the past 6 months... If 9600 on the Dow holds, and 1800 on the Nasdaq holds, we will have seen the bottom... In addition, if the S&P-500 closes above 1250 it will have completed a bullish reverse head and shoulders pattern... That could really set up a big and broad market breakout rally... Any failures in the above would suggest that the BEAR has not yet been satisfied... Keep up the good work as a shining beacon of reason in the murkiness of the seesawing market noise... Your reasoned daily wisdom is like a Port In A Storm.. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next