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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (68847)	2/9/2001 10:35:29 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Friday the close or Monday the open ...

To: John Madarasz who wrote (68847)	2/9/2001 11:11:44 PM
From: JRI	Read Replies (1) \| Respond to of 99985

John- In reading your cycle charts....if we were to bounce Moonday for a few days....looks like we could go even to 2730 or so before hitting upper channel....what other support/resistance lines are still valid between here and there (since I expect any oversold rally won't have the pop to make it that far)....i would think 2640 (where we failed yesterday) would qualify....2596 also was a previous Fibo....as was 2526.... I'm thinking 2596 or 2640 are most likely...although today's gap could be tough too.. All this in the context of hitting some low in early March....a lot of folks I read looking for low from 2nd-9th...would fit nicely with upcoming "dead news" period; a post-options ex selloff....as well as allow the market to run a bit into March 21st Fed meetin....