Waiting for the big Kahuna 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 : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (61498)	12/14/2002 9:47:04 PM
From: Moominoid	Read Replies (2) of 94695

I guess my model is showing a lot of flexibility up or down now while a few days back support was hit on the NDX now that support isn't there. The idea of support and resistance in this approach is continually moving - more like BBs than the traditional support and resistance. Everything else looks bearish and the trend is clearly down so I am assuming it means a crash is possible. A three day 10-20% rally seems rather unlikely but could be accomodated before hitting the resistance. I've cited McClellan and a whole bunch of bad candlestick patterns etc. A moderate move down in stocks I follow would fall through the support. Case in point is NCP.AX (NWS is the ADR). It should open down I assume on Sunday evening US time which would put it below the key support line I am eyeing. My autoregressive indicator shows it has as little support now as NDX (the two track quite well). rpi.edu HPQ - if it gets below $18 which has been good support I'd expect a rapid further fall. This is the runaway reaction I am looking at - a small move down sparking a panic sell as all those dudes are so bullish still. David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next