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 (25672)	7/20/2000 11:01:48 AM
From: dennis michael patterson	Respond to of 42787

i observe some of my faves are losing steam: brcm pmcs nice bounce in Qcom.

To: Chris who wrote (25672)	7/20/2000 11:24:52 AM
From: Robert Graham	Respond to of 42787

I am surprised how quickly the market slowed down. It became very quickly a 5 to 7 minute market from a faster market. There were hints that this would happen earlier in the run up. Now there is a small top on the 7-min chart. Price at a support at about 1510 on the SPOO. Price action is confirming the slower market. A slow market can show up a couple different ways. First off, it is more prone to whipsawing. Second, price can either congest around putting in the occasional move that does not follow through, or there can still be a series of very good directional moves that can follow through from its initial trigger. But when price congests, the congestions can be longer and more drawn out than expected. Price has different ways it can divide up its time. FWIW. Looks like its getting ready for another push down. Nothing I can take as a trade...so far. I see price contraction, so the move will happen real soon now. :-) I am now looking at the 3-min chart for detail, and the 7-min chart for the larger setups. Interesting that so far price on the 45-min chart is respecting the 50% fib retracement from the high made on the 17th. Bob Graham