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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (32563)	8/22/2000 1:15:13 PM
From: James Strauss	Read Replies (4) \| Respond to of 50167

The Market... ***************** Note the rising 200 day EMA on the SPX in this 1 year chart... chart.bigcharts.com Also note the price patterns above the SAR... As a contrast, here is a 10 day chart... chart.bigcharts.com We can also see the price patterns primarily above the SAR... When a long term chart and short term chart are in sync, you usually have a pretty good indication of the trend... We now have a market event (End Of Rate Hikes), that will push the market up higher in the direction of the primary trend and through resistance to higher prices... This scenario unfolds over time... We get glimpses in the short term charts, but verification in the long term charts... Nasdaq New Lows have been under 100 for almost a week now... finance.yahoo.com A further sign that selling is drying up... Jim