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: velociraptor_ who wrote (38248)	5/7/2002 6:27:16 PM
From: ajtj99	Read Replies (1) of 209892

Situations like this in a downtrend with the candle we printed today usually amount to a 1-2 day bounce and nothing more. Options expiration could change that, but I seriously doubt we are going to challenge QQQ 32 (May Max Pain) with this bounce. With all this froth A/H we are only about 13-points above Monday's closing low. It will take lots of upgrades tomorrow AM and other help to kick this into high gear. I'm watching NDX 1195 and 1212 to see what transpires. I believe 1203 was a pivot high on Monday, so that is a level to watch also. It's probably a give we'll take out today's high at 1178 at or near the open tomorrow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next