SI
SI
discoversearch

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 : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (5851)3/2/2001 9:08:26 AM
From: Michael Watkins  Respond to of 8925
 
From: Teresa Lo
Subject: 2001 Mar 02 Dow Industrials Update

Those who were hoping that the Industrials were in some sort of
ascending triangle have had their hopes dashed, as the INDU is now
testing the lower end of the trading range that it entered in
November 2000.

The only observation here is that the ADX is now rising, telling us
that it is has begun to move directionally to the downside. If this
10,300ish area cannot hold support right here, right now, then the
bounce of last week will be interpreted as a failing one, and a break
is coming around the corner - to the downside.

ottographs.com

Teresa



To: Michael Watkins who wrote (5851)3/2/2001 3:06:06 PM
From: robert b furman  Respond to of 8925
 
Hi MIke ,

I agree completely.

To make this bear dead will require some price level testing with positive divergences in momentum and money flow indicators firming up.

In otherwords institutional greed buying up the available stock at low price levels.

Then the bidding up will begin in earnest. JMHO

Bob


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News