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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (31270)	8/23/1999 10:02:00 PM
From: yard_man	Read Replies (1) \| Respond to of 44573

13,600 by Novembre?

To: GROUND ZERO™ who wrote (31270)	8/24/1999 12:12:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

GZ, Outside Monthly Reversal This linked chart of the INDU clearly shows a Monthly reversal in place.... Will it be an Upside or Downside reversal on August 31st? iqc.com Notes: Arguments can be made placing the origin of this Bull Market in August 1982 which was an Outside Monthly Reversal to the Upside....off an 8 month basing pattern. Since then there's been about 20 Outside Monthly Reversals. Nine to the Downside: ·3 extended 1/84-12m, 6/92-11m and 8/97-7m...before the old highs were retraced. ·2 downside reversals were flat ·4 were down with the next month Up...2 of these have never had their closes printed....11/91-2894 and 6/94-3624. Eleven are to the Upside: ·4 have not seen their close printed....8/82-769, 5/85-1315, 12/91-3168, 7/93-3539. ·5 were up or flat for some extended new highs? ·2 were up reversals, but the market went down in proceeding months....4/83-7m, 11/83-14m. So far this August favors an Upside close! Interesting! Chip