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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (25565)	7/18/2000 10:19:39 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

Chris, do you have any targets to the downside for the COMPX or NDX? TIA

To: Chris who wrote (25565)	7/18/2000 10:30:44 AM
From: Paul Shread	Read Replies (3) \| Respond to of 42787

Many thanks, Chris. I have the S&P's 60-minute chart wedge broken to the downside (also shows up in the daily). That should give us a minimum downside of 1440, or 100% of the gains within the wedge, and a rapid retracement at that. The Nasdaq's wedge isn't likely to break until 4050 or so, as far as I can tell, but that pattern is much more ominous, as it would call for a rapid retracement of 100% of the NAZ's gains since 3042. Also, in retrospect, it looks like we did not get an upside break on the S&P's wedge yesterday, but I'd like to hear from John T. on that one. Paul