Technical analysis for shorts & longs 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 : Technical analysis for shorts & longs

SPY 677.58

-2.0%

Jan 20 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lachesis Atropos who wrote (39686)	6/6/2003 1:09:11 AM
From: Johnny Canuck	Read Replies (1) of 69914

It is pretty much a day traders market. You can see the volume and volatility building. It will break one way of the other big time as the pressure builds up. A 20 percent rally from the medium term low on the COMPX is about 1680. A break of that level would draw bulls in to the market in a significant way with a shot at 1800/2000. A failure leaves the market vunerable to a test of the recent lows at 1400. I am pretty much on the side lines for now because I can't sit and watch all day. As Jim pointed out lack of attention can be deadly right now.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next