Befriend the Trend Trading 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 : Befriend the Trend Trading

SPY 692.73

+0.5%

Jan 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TraderWithNoName who wrote (25851)	9/4/2002 3:55:29 PM
From: sean sanders	Read Replies (4) of 39683

Looks like we will be sitting at some pivot points for tomorrow. dow 5 or 15 min chart shows a nice pivot point ie up day means we break up; down - well flop around where we were at today. I'm almost tempted to say we broke the pivot today in the dow; even so it isnt by much. qqq cant decide what its going to do; nearing that gap so either bounce off it or fill it. MSFT (I've been watching microsoft so going to include a mini analysis of it here); got some technicals pointing up and down here. UP - small dbl bottom on the 15, fill the gap, move to top of channel 60 min DOWN - downward break in the channel on the daily ie monday, downward channel hence downward trend again we are at a pivot point; most likely once the market opens with either some positive news or negative that will give rise for these to use that pivot to provide a up move or down move. obviously this is just my opinion; but post them to see what you comments you all have Sean -edit- I should have mentioned there is a very old and slightly major trendline right where MSFT was at. (They dumped MSFT in the last 2 mins of the close so now again its sitting there at that pivot - thought it was almost pushing out). <good I hate missing the boat <g>. <<< not like that has ever happened

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next