Waiting for the big Kahuna 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 : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James F. Hopkins who wrote (14529)	3/2/1998 10:52:00 PM
From: donald sew	Read Replies (1) of 94695

Hi Jim, I just started lurking on this thread, and if you don't mind, I agree with your assessment that 8600 is the resistance and that a pullback could start very soon. I originally targeted the pullback for Mar 11-13 but due to today's performance, I have moved it up to this Thur/Fri to start. I took a look at the major upswings over the the past 2 years, and it appears that there is a topping/flat period of 3-5 days before the pullback. I am TA and use various indicators. One of which is the NEW HIGH/NEW LOW ratio. I mention it since I have noticed that such ratio is a leading indicator in a major upswing and that it starts declining about 7-10 days before the actual market pullsback. We are now in the 5th day of the decline in both the NYSE and NAZ. I think that we will first have 2-3 more flat days and then it begins. Technically I see the support area in the 8200-8250 range. Hope you don't mind my interference. Seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next