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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (858)	4/25/2001 12:27:54 PM
From: JRI	Read Replies (1) \| Respond to of 209892

If you are right, and this is the final leg of the "a"...this raises some interesting questions for the "c", I think.. For, I believe the assumption has been that the "c" would get down to around CoMPX 1850....however, if "a" winds up being a 230-250 pt. move (2200-1970/1950)....and if a=c (just suppose)....looks to me like "c" target could move down to 1700-1750....or maybe even lower...setting up a clear double bottom...(could see the bulls loving that)..and the "C" getting juice... Also, in going that low (1700).... upside targets for "C" should be lowered as well (maybe 2200 holds?)..that would eliminate one problem that, I think, many here had: If 2250 trendline is broken (and the upside), couldn't that launch a pretty strong (add'l) leg of the rally...and put the overall downtrend in danger? Holding that resistence at the end of the "C"...well, that would be powerful..