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: AllansAlias who wrote (9790)	6/22/2001 1:57:40 PM
From: Jeff Jordan	Respond to of 52237

>>> NASDAQ has built a moderately bullish looking triangle today. Only thing is, we are pretty far into the apex and that causes an otherwise beautiful formation, with coiling power, to lose its jam. Watch for a break to the downside here, cause that would be devastating to the bulls. Levels to watch are NDX 1736 for downside break and around 1750 for upside break. <<< pretty good assessment...I think break may be 1745-46...but not a killer for us bulls...market has had a nice balance today, IMO....closing near or at lows wouldn't be enough to change my upward bias here...reason...BTB, behind us...forward looks will drive the market here? sideways...up bias likely(but moderate), JMO ...sorry, I'm looking at the Sept contract not NDX...we are probably on the same page.<g> Looking at the 60min chart...a bounce off the 20ma would be expected. JMO edit<g> That was my comment earlier about hitting NDX 1732-1736. We scared the bulls pretty good and then reversed.