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 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Logain Ablar who wrote (43314)	5/17/2006 1:09:34 PM
From: Johnny Canuck	Read Replies (2) of 67997

I think there is a lot more technical damage then Zeev is assuming. The COMPX is approach a minor support level at 2200, but the market is weaker than it looks in my opinion. We had three down downs followed by a very weak bounce and we are down again today. The COMPX should have counter rallied for 3 days in the absence of any significant news. This did not happen. Even the tame inflation data did not give the market players much incentive to buy. We are modestly oversold short term,but not in a big way. I don't expect much from the market as we are going into the summer doldrums in a few weeks. 139.142.147.19

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next