Charts on Near Term Uotrends 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 : Charts on Near Term Uotrends

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spreck who wrote (704)	2/11/2004 1:16:45 PM
From: Jibacoa	Read Replies (1) of 1404

PNX It last reached it's current high Sept 28 2002.That is when it fell out a bed. Yes, In September 2002 was when the pattern deteriorated. The warning came when the "rally" in July to August 2002 from the 13.50 to 16.50 was unable to break the downtrend that was present from the April H at 19.08 (It needed to close above 17.90 in order to do that.<g>) It is better to watch those "warnings" and sell when the rally fails. If Martha had done that, she probably wouldn't have her present problems.<g> (IMCL stock was on a sharp downtrend after its early December 2001 H at 75.45 and had gone through "supports" at the 64 and 63 levels.There was no need to have an order to wait for the stock to break the 60 level to sell.<g>) On PNX the thing to watch now is if it is going to close the upgap of Feb.9 (If it does and it finds support at the 12.30 to 12.50 level, then will have to watch if the "rally" can make a new H above 14.26 or if a "double top" will be formed.<g>) I won't be watching the market closely this week. (Will be busy with the Fort Lauderdale Boat Show ) and a few friends from out of town. Bernard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next