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 : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (273)	3/2/2000 12:18:00 PM
From: GROUND ZERO™	Respond to of 33421

posting error, I posted to myself... oops... GZ

To: GROUND ZERO™ who wrote (273)	3/2/2000 12:53:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 33421

GZ, >>I'd say 1375 (.382) should offer some resistance, then 1390 (.5), then 1405 (.618)... of those three points, but, 1387 is where we may see the first level where the bulls will run into some serious selling...!<< I'd say you've been right..... BTW, Just bought my first book that contains the Lindahl Wiggle as a 5 day pattern. He call it "The Lindahl Buy Rule" also has 'Three-Bar Closes Rule'...! First book out of hundreds I've pooked through that finaly describes the wiggle. "Timing the Stock Market" Colin Alexander McGraw/Hill

To: GROUND ZERO™ who wrote (273)	3/2/2000 4:59:00 PM
From: Chip McVickar	Respond to of 33421

GZ, WOW, what a struggle with the buyers/sellers off that early Feb 1st low of 1384 cash...two days! Finally a weak breach up to 1386, but a close lower. On the cash the 1384 is also a (.50) with 1400(.618), and 1370(.382) Market has played in here for 2 days and also bouncing on middle tines. This suggests tomorrow is significant for this run by the bulls, still hopeful for 1415 on the cash. There is a daily TP for Friday SPX. Chip >>Well, I think that 1415 is kind of high, and John is thinking 1362 according to his post... I'd say 1375 (.382) should offer some resistance, then 1390 (.5), then 1405 (.618)... of those three points, I'd guess that 1387 is where we may see the first level where the bulls will run into some serious selling, that's the low made the first week in February prior to the last solid rally... we'll see soon enough.....<<