Classic TA Workplace 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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shack who wrote (4634)	6/11/2001 1:39:20 PM
From: UnBelievable	Read Replies (1) of 209892

It Would Seem That With The Breakdown Of $COMPX This AM That a test of 2140 would be on deck and if that does not hold 2082, perhaps with some tease at 2100. For $SPX it looks like the breakdown was at the open with the next target 1246. Failure at 1240 would seem to indicate a test of 1207 and possibly 1182. $SPX is now approaching it upturning 50 day SMA at 1240 at which time a failure could result in a clear down move. I've been trying to look at this as objectively as possible, and if anything tend to discount my normal bearish bias but it really does seem that a failure at 1240 would be very bearish. The same is true of $NDX at 1800, $COMPX at 2100, $IXCOX at 1050, $SOX 620 and $INDU at about 10750. ($INDU and $BKX have some support below the 50 since the 200 SMA is below - all the others 200 are above. $BTK is now testing its 200 SMA with its 50 SMA at 560. The downside of this move would seem to have the potential to retest the April lows. I would thing that we could get some indication in the next day or two. Any thoughts?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next