SI
SI
discoversearch

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: Paul Shread who wrote (25811)7/21/2000 5:22:58 PM
From: donald sew  Respond to of 42787
 
Paul,

>>>> What do you have for the May trendline on the COMPX? And how are the OEX and NDX doing relative to their May trendlines today? The SOX's looks like it broke yesterday.<<

NDX - For MONDAY around 3900
NAZ - For today around 4100, so the NAZ closed on it
SPX - 2 possibilities, for MON either 1480 or 1470
OEX - For MONDAY around 805

Mentioned in the INDEX UPDATE that the SOX broke the trendline yesterday, by about 4 points, and today the selling continued and intensified.

I did get a borderline CLASS 1 BUY SIGNAL on the SOX, so since its borderline maybe another full down day or the bounce starts on MONDAY. Regardless, if the SOX drops more I will get a firm CLASS 1 on MONDAY so the short-term bottom for the SOX to be MON/TUE.

I also got a CLASS 2 BUY SIGNAL on the SPX/OEX, so it could still head a little lower so I get a CLASS 1 on the SPX/OEX.

seeya

Basicly the overall market is sitting on