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 : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (2401)	10/28/2000 2:10:52 AM
From: shasta23	Read Replies (1) \| Respond to of 8925

>>"...if this was a successful bottom the next target would be the 20EMA overhead. Right now that target was reached and the NAZ pulls back from there. If the uptrend is intact where should it pull back too? The 20EMA60 underneath?" Are we talking about the 20EMA65 as the target...can you expand on the question a little if you have time, and I'll come back with a chart and an explanation?<< You were referring to the test of bottom on the NAZ on the daily chart in an earlier post and that the target of the bounce would be the 20EMA(daily chart) overhead. My question was that in case the bounce up fails at the 20EMA(daily) and pulls back where would you see the next support. Would it be typical that after a failure on the 20EMAdaily overhead the Index pulls back to the 21EMA on the 65min chart which is now underneath? siliconinvestor.com Thanks for the great posts e.g. about NTAP! Stefan

To: Teresa Lo who wrote (2401)	10/28/2000 10:41:55 AM
From: CharlieChina	Read Replies (2) \| Respond to of 8925

at present ... For all you Wave counters ... If what we are experiencing in the NASDAQ over the past 12 trading days is an Irregular ABC Correction Phase, which, it seems to be, then hence, there exists a high probability the market breaks out of its current Friday triangle pattern and heads downward towards 3000-2800 sometime next week ... hence, more negative pressure .... Just an observation, ... and opinion ... and directions can always change ...