SI
SI
discoversearch

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.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: PaperChase who wrote (61606)9/14/1999 9:31:00 AM
From: Bull RidaH  Respond to of 86076
 
P.C.,

As I'm sure you're aware by now, the Naz100 is in an extremely perilous condition. Yesterday's late day selloff broke the lower rising line of an wedge top. To see this, connect the lows from 8/31, 9/02, and 9/09, with the upper wedge line connecting the highs of 8/26, 9/07, and 9/10. This is/was a massive wedge, and the breaking out below of this pattern has enormously negative implications for nearly all tech related stocks. This break targets 2000 on the NDX, with 2400 and 2365 key supports that will provide strong confirmation of a move to the target when broken. The bottom should come in late fall/early winter, with more fantastic rallys to follow next year.

Regards and thanks for your contributions to this thread,

BRH