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: Paul Shread who wrote (36410)	11/27/2000 6:58:07 AM
From: donald sew	Respond to of 42787

Paul, >>>> SOX seems to be forming about a 200-point descending triangle here <<<< Good catch. It looks like the UPPER TRENDLINE of that DESCENDING TRIANGLE is around 700-695 for today, and is declining at a rate of about 5 points a day. With the SOX closing FRI at 674 we could see a test of that trendline as early as today. A break above that trendline would be bullish, although DESCENDING TRIANGLEs normally break to the downside, which would support your concerns. As for GE and BA/DOW stocks, Im suspecting that there could be a possibility of some sort of sector rotation from the DOW to the NAZ. If the SOX can break above that trendline that could be the first clue. seeya

To: Paul Shread who wrote (36410)	11/27/2000 6:58:07 AM
From: donald sew	Respond to of 42787

Paul, >>>> SOX seems to be forming about a 200-point descending triangle here <<<< Good catch. It looks like the UPPER TRENDLINE of that DESCENDING TRIANGLE is around 700-695 for today, and is declining at a rate of about 5 points a day. With the SOX closing FRI at 674 we could see a test of that trendline as early as today. A break above that trendline would be bullish, although DESCENDING TRIANGLEs normally break to the downside, which would support your concerns. As for GE and BA/DOW stocks, Im suspecting that there could be a possibility of some sort of sector rotation from the DOW to the NAZ. If the SOX can break above that trendline that could be the first clue. seeya

To: Paul Shread who wrote (36410)	11/27/2000 7:15:45 AM
From: Square_Dealings	Respond to of 42787

<<GE broke its 1998 trendline on a closing basis for the first time last week.>> sandspring.com GE break of H&S top looks good to 42 or so but I expect its going to retrace more of the parabolic advance in the next couple months. good short candidate on rallies imo. M.