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 : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Lost to Voodoo who wrote (2987)	12/21/2000 8:42:53 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

LV, I don't see anything that significant about the NASD violating it's 50% of it's entire average. Beyond the fact that it shows how weak the market has been. This has been a massive Tech and Net collapse, and it could have far reaching implications. If the SPX and DJIA were down almost 60% we'd all agree we were in a very severe recession. And there is always a chance for many things to go wrong and our current down turn snowball. I was asking specifically about violating the 50% retracement (at NAZ 2500). Some people see that retracement level as a make or break line. who is talking about this? John