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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (24161)	10/28/1999 4:42:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69912

Hi Stefan, You and Dorothy is is doing are doing great. One of the goals of this thread early on was to promote the expression of one's trading psychology. I find I have to think things through more thoroughly when I post in public. This thread makes a great record of one's trading psychology and a great learning experience if one take the time to review one's posts and learn from one's mistakes. Some interesting points have been raised and discussed. The important thing is to learn to think for yourself and develop your own style. I wish I could give you more guidance on the market, but I am a little out of touch as I have not been able to watch too closely. Does anyone know what caused the pop in the DJUA today. From a distance the pop in the DJUA and DJTA seems to indicate people expect a stable interest rate environment going forward. These indices need to challenge and break their down trend lines to confirm this though. While I expect a down side bias now that bulk of the tech generals have reported I think the downside will be limited. 52 percent of all stocks are now one standard deviation below their 200 SMA. That is abnormally high. The highest it got last October was 75 percent. So the downside seems limited right now. I don't expect any significant rally that will challenge the old highs till after the new year. On the positive side the Internet index is setting up for a possible reverse head and shoulders. Reverse Head and Shoulders on the INX optionsource.com It may be just be people positioning for Christmas sales as suggested be Iris. Here is something to keep you awake at nights. Circuit Breakers: allstocks.com.

To: shasta23 who wrote (24161)	10/30/1999 2:36:00 PM
From: d. alexander	Read Replies (1) \| Respond to of 69912

Stefan; just checked out quote.com, which home-page - believe it or not - I've never seen. Have bookmarked it for the bonds. Thank you. They have a quite ok market wrap too. I love market wraps because everyone is so wise after the fact & also immediately goes on to the next big worry. Which now seems to be (wail), so we had a rally, but how can the market possibly go higher? Like, in 4 days this happened. Next, maybe, whoops the DJ-30 is 11,000. I absolutely did not see this coming. A few weeks back I was clamped onto the DJ-30 making that 2nd higher high that would signal a trend reversal. Didn't happen. Down it goes. Past almost everything. Then, primed for, maybe a lower low, & bam-bam-bam. The SPX breaks the downtrend; the DJ-30 breaks the downtrend; the naz is a hero. I'm sitting there with the dust settling saying, what happened? >>>If ...the market goes up i will have to wait for a pullback which will come. Good idea <g> BTW I work freelance from a home-office. It always seems the jobs heat up at the same time as the market. Little fires, Harry calls it. But not to the people who set them :-) Are you seeing that reverse H+S in the INX? I didn't until i looked at the weekly. Neckline about 560? What do you think? Thomas seemed to indicate that H+S formations are not so appropriate for indices. Which would be somewhat confirmed by the fact that the SPX definitely penetrated the neckline of its recent H+S & did not fall according to the measurement expected for such a formation. Anyone want to set me straight here, please! step in. Thanks. Dorothy