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 (26123)	7/28/2000 10:50:00 AM
From: donald sew	Read Replies (3) \| Respond to of 42787

Tired of saying it but still expecting a bounce. As mentioned in the index update, I only got a CLASS 2 BUY signal on the NAZ not a CLASS 1, which normally means there is a potential of 1 more down day, and boy we are getting it. I the NAZ and NDX closes at/near the intraday lows we will be be getting a CLASS 1 BUY signal on a closing basis. As negative as the NAZ has been I still did not get a CLASS 1 BUY signal on a closing basis, not even yesterday. I have strong horizontal support in the 3730-3700 range. And then the GAP support around 3585. So if I do get a CLASS 1 BUY SIGNAL(closing basis) then the buy-in window will be until MONDAY's lows, so we can still get one more down day on MONDAY on a intraday basis. Right now the NAZ is at the support region of 3730-3700, so will it hold or not. I dont know, but if 3730-3700 is broken to the downside I do suspect that the 3585 support(GAP SUPPORT) should hold for at least a short-term bounce. seeya