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: Lost to Voodoo who wrote (3177)	5/19/2000 3:23:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

We are bouncing again... If it was any other day than Friday it would be easier to stay long .. weekend unpleasant surprises I do not like... We are right below the 1 hour numbers now.. Coming back Best Regards, J..

To: Lost to Voodoo who wrote (3177)	5/19/2000 3:28:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

albedo, you mean the NDX 3,264 intraday low>? Best Regards, J.T.

To: Lost to Voodoo who wrote (3177)	5/19/2000 4:51:00 PM
From: Lost to Voodoo	Read Replies (3) \| Respond to of 19219

NASD closed exactly (within a dollar!) on the 300 day ema. The only time it closed below the 300 day in this decline was April 14th, from which it bounced back the next day, but that was after a huge fall and furthermore was the 1st test of this line. That time it also did not close at the intraday low, but slightly above, foreshadowing the bounce. Given that, plus the descending triangle formation, I'd say the odds are in favor of further decline on Monday - maybe to 3200? (I'm back for the moment - just couldn't be here for close instant.)