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 : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (19635)	8/13/1999 11:45:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Based on the QQQ, XLK andSPX, the last local high for all three was July 19, and the local low was on August 10. Yesterday all three attempted to break the local resistance (for the SPX its about 1310) and failed by close. Today's rise above that and subsequent strength so far is very encouraging. Today's close should be the important number, as the SPX needs to stay above that 1310 number (use the same dates above for the thresholds for the QQQ, XLK or other internet or tech index). lastshadow