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: John Pitera who wrote (2996)	12/22/2000 10:44:27 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

>>The Dec7 top-reversal-type high at 277.80 is the overhead benchmark above which prices would need to trade to confirm an upside exit from the ongoing 10 month triangle and to thus define an up trend phase. Prices rallied quite sharply yesterday with range expansion. Given stochastic turned up suggests a test of the 277.80 is going to be attempted. << Okay, Weekly charts have a close fork at 276± as a target that has been reached. Break this and 390± is the next forks median line from the week of 5/26/00. After that its off to the highs in 330. The bowl made the chart look interesting, and the political environment looks like it might support higher prices. If it breaks 276 and other pieces fall into place I may buy. I'm looking for any signs that the dollar will colapse, then expect the bonds to follow and then stocks after we get into 2001. This will come from international pressures and uncertainty about a Hawk in the Seat of Power.