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: Shack who wrote (57226)	10/21/2002 6:31:18 PM
From: Bull RidaH	Read Replies (2) of 209892

Yes, the rally off the 10/10 low looks like a brother to the July-Aug rally, but is it big brother -g-? carolantic.homestead.com My count from the '00 peak: carolantic.homestead.com I believe the rally we're in parallels the rally off the 6/32 low, as seen here: cache.wsrn.com Considering the Dow doubled off that low in 1.5 months, we could be in for more mega rallying, in the Naz 100 especially. It has rallied from 795.25 to 982.43, or 23.5% in just 9 trading days from the 10/08 low. Projections from it's low now target 1321, and if it completes that move in the next month or so, it will be a nearly equivalent move to the '32 Dow rally. Based on key cycles I follow, taking out this past Friday's high today leaves me no choice but to believe it will happen. This coming Thursday's low will need to hold going forward to keep the rally alive. Short this thing between now and December for more than a day trade doesn't entice me whatsoever.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next