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 : Paint The Table
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jorj X Mckie who wrote (21479)3/22/2002 8:01:44 AM
From: Don Pueblo  Read Replies (2) of 23786
 
My problem with the wave thing is that I have never found two wave doods that agreed on what the wave was right there on the chart there.

I'm not that good a picking closing numbers but here is what I think might happen today. COMP range will be 1891-1846, SPX range will be 1162-1147 - unless the open is outside the projection, in which case I concede defeat at 9:31 a.m. for today.

Longer term, SPX is the "easier" chart for me to read. I'm anticipating a move down to the 1133 area but the move may not get that far down. Then a move through 1175 which ratchets up to 1198, backs off about 40 points, and then moves to around 1239. Traditional analysis will see support at around 1080 and 1050, I read both of those support levels as false, I see support at 1122 and then 1107.

1918 on the COMP is going to vibrate those that are short the United States like a fork in a microwave, I would wager.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News