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 II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (5783)	4/14/2001 11:45:01 AM
From: Lee Lichterman III	Respond to of 52237

Yeah, I pretty much gave up trying to find good short term forks on it. I am using fib retracement levels and channels for the NDX. We did bounce off an old long term fork. Mid tine 1990, top tine 91 and bottom tine 94. A bit shaky as we went way above it in the 95-2000 super bull but it held with a tine extension all the way till the blowoff top late 99 and 2000. We bounced off the top briefly in Feb then fell back in and bounced off the mid tine last week. I suspect it may not hold this run and we could get back into the channel before falling back in to the lower tine later down the road. Note also the last cycle ( vertical dashed grey lines ) seems to have inverted once again. Instead of providing a bounce for 1/3 the time frame and then dropping the last 2/3s, we appear to have inverted and dropped the first 2/3s and are now climbing the last third. marketswing.com Good Luck, Lee