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: Temple Williams who wrote (40813)	2/17/2000 11:00:00 AM
From: John Pitera	Respond to of 44573

Hi Temple, I kind of like these comments in italics below on the spoos in terms of some upside levels that we need to take out to move higher. A break of tuesday's low of 1381 would mean a look at the 1360 area I would imagine. below that 1320-25?? I think we need to think of a complex trading range for the next few weeks. John Due to Globex 1406.40 high, sp will now need a move over 1407.50 to retest last Friday's 3rd hr 1417 high which it has previously tested this past Tuesday with a spike to 1414.50. Despite all its intraday volatility, sp is getting nowhere. Still use a close above last Thursday's 1429.50 high as positive. Closing above this level would mean sp was able to overcome last Friday's 1422 high and Globex 1426.20 high. Unless sp is able to overcome all these levels with a close over 1429.50, sp remains in defensive mode and vulnerable to lower prices. Close above 1429.50 would target the very tough resistance 1448-1450 which sp tested and failed last week. Internal negative divergences continue to build up. Use 1390-1395 as support.

To: Temple Williams who wrote (40813)	2/19/2000 8:52:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 44573

if 1405.00 shows real resistance, then we push the basement button and go down to fill the Cash S&P gaps from last October. Great call, Temple!

To: Temple Williams who wrote (40813)	2/19/2000 2:16:00 PM
From: Investor2	Respond to of 44573

Re: "... but if 1405.00 shows real resistance, then we push the basement button and go down to fill the Cash S&P gaps from last October." I see the gaps you are speaking of on this chart: siliconinvestor.com But, notice the DJIA gaps in the same time period have already been filled. siliconinvestor.com What do you make of that??? Best wishes, I2