Silicon Investor (SI) -- The First Internet Community

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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1340)	6/23/1999 5:26:00 PM
From: Teresa Lo	Respond to of 18137

S&P Post Mortem for today - Not much happened today after a gap down open. There was an example a selling climax on the 5M chart that ended on a nice doji star setup with ADX nearing 60. 50-60 is the usual area for a climax on the S&P. There was a Grail sale setup that did not immediately go to test the morning low - an example of a "failed" signal where as a trader, one quickly makes the exit and waits until the picture is clearer. For tomorrow, there is resistance overhead in the 1345-1347 area with two possibilities. There remains an unfilled gap in the 1325 area that can be tested on any move down. The 1365 area can be tested on any move up. So the two plays that can set up are gap test to the downside and test of top to the upside. Chart and audio has been posted to intelligentspeculator.com Hope you had a good day out there.