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: bobby beara who wrote (28855)	8/31/2000 4:37:53 PM
From: Paul Shread	Read Replies (2) \| Respond to of 42787

In the Glass-is-Half-Empty Department, I'm seeing a few negatives here: the OEX negated its rising wedge breakdown on an intraday basis - but then closed back below that line. The NDX and SPX have zero downside room for tomorrow: NDX is sitting just above the upper boundary of its rising wedge, and the SPX is right above the lower boundary of its wedge. This is one confused market; we've had negations to both sides just this week. So I'd say techs look good here, with the caveat that the NDX stays above that line, and the blue chips look capped by 11,287/1527. A lot of volatility here. To add to my blue chip weakness comment, today's rally was all JPM, the Dow's highest-priced component. (I should add I own JPM, so am not suffering today by any means.)