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: J.T. who wrote (731)	9/28/1999 9:52:00 PM
From: Les H	Read Replies (1) \| Respond to of 19219

I was looking for a consolidation period for the Dow and S&P indices which have broken down. I'm less clear on the Nasdaq and NDX, although they've triggered similar sell signals recently (as the Dow/S&P triggered in late August) via the MACD, Stochastics, Wilder RSI, and Money Flow Index. I was looking for Dow to approach 9400-9600 and the S&P 500 to approach 1100-1140 to approximately the same distance as the first downleg and by late October to early November. It's a difficult call here since the Dow/S&P are not really in synch with the Nasdaq/NDX which are holding up the "market". I also have recent sell signals on the SOX and INX which are two of the leaders in the Nasdaq.