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 : Classic TA Workplace

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Shack who wrote (18551)10/30/2001 4:46:19 PM
From: The Freep  Read Replies (1) of 209892
 
I don't know why you'd bother with ENE. Sure, it may have a heckuva bounce, but those types of declines have usually indicated systemic problems. Seems like the risk/reward doesn't stack up.

Anyone looking at the SOXX these days? It's been dragging the Naz down, and I wonder if we can't get a clue about the Naz overall based on what the SOXX might be doing? (And an INTC CC today to boot!). On this 60 minute chart. . .

stockcharts.com[m,a]eaclyymy[pb50!b200][vc60][iUb14!La12,26,9]

The move off the (double?) top certainly shows one wave down then a very flat period, and now a new down. But unless the whole Naz is about to melt, I don't see how the SOXX can be about to start a 3 down of some sort. So. . . any of you smarter fellas got a smarter read?

the freep
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext