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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (46725)	4/16/2000 5:12:00 PM
From: Box-By-The-Riviera™	Respond to of 99985

agree with your commments....and that's why many of us will be here tomorrow.......and many of them won't. I don't pity them I'm sorry to say. God knows they had plenty of free advice here and on thousands of sites across the universe....had they taken the time to do a little work and, for a change, think for themselves. nuff said. anymore would be pure pollution of the focus at hand... J

To: Michael Watkins who wrote (46725)	4/16/2000 5:17:00 PM
From: AllansAlias	Respond to of 99985

Here's what will happen -ggg-. I have spent the entire day pouring over long-term charts in long timeframes. It's incredible to take these wide views as you see how small a down move we have made so far. Conclusion: I do not see an intermediate bottom until the 2900 area where we find 3 technical reasons for support. We are currently stalled at meager support. It is a trendline defined by Aug 10/99 and Sep 18/99. We are also getting some horizontal help from a little consolidation pattern in late Nov/99. We will go to the 2900 area. There we will find support from: * Horizontally back to Jul/99, touched many times, and gapped through late Oct/99. This is when the mania kicked into the really mental gear. * Trendline support from early Mar/99, touched many times. *** Internal trendline going all the way back to 1987. We crossed to the top of this one with conviction and a gap in Jan/99. --Allan (edit: Trendline support has a greater margin for error. I think we may see intraday drops to 2700 or 2800, while 2900 will hold up as the close when it happens.)