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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (561)	8/10/1999 3:57:00 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

bobby, INTC going into the bell near the lows of the day at 71 7/8. Furthermore, even in this afternoon rally net advances moved up a paltry +170 during the afternoon siesta. Net declines still at -2,350-- not the stuff to brag about. Nevertheless, the fact that the SPX found a way to reverse, hold support is a true testimony of a bull that just doesn't want to give up without a fight. Best, J.T.

To: bobby beara who wrote (561)	8/10/1999 4:29:00 PM
From: set	Read Replies (1) \| Respond to of 19219

> bollinger got his crew today and bought the lower 50 day band -g- what a guy. there's some chance we just finished a 3 down today. let's call it a 3:1 from the top. That triangle you pointed out earlier could be a 4 of that 3 and now maybe a 4:1 will break the unbelievable monotony of the past couple weeks. AMZN may look like it broke and H&S, but there are good reasons not to be short that thing now. 1) just filled a gap from December (BTW the SPX just filled a gap today from march). 2) Gann line support right here and so far it's holding closes. Next Gann resistance is right at 100 so I bet it jumps there quick. 3) An informal rule I follow about H&S patterns is that if the right shoulder is smaller than the left one it's probably something else pretending to be an H&S rather than the real thing. INTC looks good to short, here or very soon. I agree with you. It just needs a general market rally to sell into and maybe that about to happen. Shahar