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 : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (333)	6/14/2001 1:34:15 PM
From: Les H	Read Replies (1) \| Respond to of 29597

The lower bollinger bands are helping to stabilize the decline now for the S&P 500 (low 1220s) and the OTC (2060s). I would prefer to have the swing indicators or oscillators, such as the SK-SD (fast stoch minus slow stoch) and MACD, confirm a cyclical low. The fast stochastic appeared to be rounding as the slow stochastic catches up on the downside. I think the bottom may be off by a week or so. The Russell 2000 is still holding up, it seems, for the end-of-month rebalancing. I think the market may be much uglier (than now) when that index breaks in July. That almost argues for new lows on the Nasdaq as does the NWX falling to near yearly lows already. 66.59.141.65

To: ajtj99 who wrote (333)	6/15/2001 11:51:38 AM
From: Les H	Read Replies (2) \| Respond to of 29597

Last three triple-witches bottomed by the following Wednesday (twice) or Thursday. This decline contrasts with last July's pullback in that the DJIA and NYSE are participating in this decline. One of those three post-expiration Mondays had a huge snapback one-day rally. Today, the S&P 500 came within shouting distance of 1200 and the 50% retracement. NWX (Networkers) bounced off of the April 4 low. XTC (Telecoms) is within 2% of the low. Looks like very large volume came into the QQQ's once the 30-minute indicators crossed over. Now, they've started taking it back down on that crowd.