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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: TraderMERL who wrote (6235)	9/23/2000 4:33:38 PM
From: FLACK	Respond to of 100058

sorenkg, okay I see what you're looking at. It has serious support at around 15 and is still in a major down trend. Try drawing a line across it's recent tops - you could start with its last attempt to break up through 37 on 7/17. This line is now at roughly 22 1/2 (and that's above its 20-day ema). I wouldn't consider being a buyer until it breaks up through this level and shows that it is gathering some renewed support. Naturally, you'd need to watch other indicators and the indexes as well.