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: SwampDogg who wrote (94431)	4/6/2004 10:13:02 PM
From: Shack	Read Replies (2) of 209892

Why is 10500 so important? We rallied 570 points off the March low and you're saying if we pullback more than 70 points the rally is toast? That doesn't compute. I will agree that in terminal moves (which I believe the move off March 24 may very well be) breadth does indeed deteriorate. But its a divergence which can last a long time. This looks like the tail end of a terminal move right here Is there anything at all on any of the indices' charts which supports this statement? I see nothing but a straight shot up, hell the DOW even made a new high for the March 24 move today.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next