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: dennis michael patterson who wrote (34338)	10/30/2000 9:13:17 AM
From: donald sew	Read Replies (2) \| Respond to of 42787

Dennis, >>>> Carpino this morning: "The low is in. Once the SPX moves above the Oct 24th high, the market will move up rapidly." <<<< On many of the indicies, there are BEARISH PATTERNs which are still developing. Even if the SPX was to break above the 10/24 highs, which is around 1415, I would still want to see the BEARISH FLAG be negated which is around 1450 for this week. This BEARISH FLAG in the SPX, as with the others, have a steep incline and the range within the borders of the BEARISH FLAG is about 90 points. So Carpino can be right, and still trade within the the borders of the BEARISH FLAG. I mention it since some get emotionally bullish at slightly/fairly bullish issues as we have seen recently. I would become less bearish/more bullish if these patterns are broken to the upside significantly, but that's still a distance away. In the case of the SPX, thats still 80 points away on the upside.