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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (27971)	9/6/2000 9:55:29 PM
From: Johnny Canuck	Respond to of 69967

If we gap down. I would like to see some support before 3950 to demonstrate buying strength, otherwise we will free fall to 3900 indicating a very weak market. The panic selling into the close today will cause a gap up for the bounce as opposed to a gap down I think due to the technically oversold condition of the index. The fund managers will show their hands tomorrow. If they don't buy the gap to stablish the market we are in for a long September as they still have not preceive value in the markets.