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: Henry J Costanzo who wrote (145597)	6/13/2007 10:47:12 PM
From: The Freep	Read Replies (3) of 209892

Wellllll... I dunno that the SMH move is signalling a new advace. Could be. Thing is, like the indices I'm watching, it's pretty easy to say it's in a C of B (or 2, I suppose) of an ABC correction off the high. This pretty much looks like we'd hit a high some time an hour or two after the open (or a bit later) not terribly far above today's highs before we start our C down. I'd be looking for 1520ish SPX/1925ish NDX for a C= A thang. The other alternative I can see is that the big sharp move down we had off the highs is a complete correction and we're pointed up. That'd be booooolish, and there's not real reason it can't be so. Still, it's not my favored at the moment. I just wouldn't fight it if it looked that way!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next