Joe Stocks Trader Talk 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 : Joe Stocks Trader Talk

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Stocks who started this subject	4/2/2002 5:44:19 PM
From: Joe Stocks	Read Replies (1) of 787

Today had that feel of a day before a day of a trend reversal day to me.Happens a lot right after a holiday where you have a build leading up to the holiday on lower volume and then a little carry over the day or two after. Today's reverse on the durable goods report probably has many questioning a double dip recession. ISM services report out tomorrow and already projected to be down also. 1800 needs to hold for the nas for the psychology benefit and a break of 1772 sets a the tone for lower lows. 1128-1130 looks important on the S&P, 10,250 looks slightly critical on the DOW. All in all we are right here at some important support levels so the hard-core dip buyers should be licking their chops. After today's action coupled with the lower durable goods report, I don't see buyers coming in to offer that support here. MSFT is just a frog hair away from putting in an intermediate lower low and INTC the same on a shorter term basis if it breaks and holds below 30. Both these guys are crossed indexed and can weigh heavily in pushing the market lower. stockcharts.com[m,a]daclyyay[db][pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G stockcharts.com[m,a]daclyyay[db][pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G Just some thoughts. Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next