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 : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Meade who wrote (2052)	6/28/2001 1:51:58 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 12411

John, The DJIA held the median line of a dominant mid range fork with the handle on 10/18/00..., this is very good sign...! Also held a 50% fib retrace off the Jan 2000 and Mar 2001 move..., and'a .618 off the most recent move. SPX has also responded to some forks..., but not as crisp. SPX has consolidated over the last 9 days between 1203 and 1220 without selling off, and lots of popular indicators like ADX RSI MACD will show bottoming patterns after todays close. Lot of the small traders and investors I talk with off and on are asking me if I'm buying this market...? So I believe IMHO <smile> there's every chance for a modest climb in the markets. But to be sustained some good news on earnings has to "Start Being Leaked" by the talking brains to get things rolling. It's out there..., many companies are going just fine. Also some of the astro stuff is looking good and with the Bradley set up..., solstice and solar eclipse are behind us. Chart Bar Patterns are auesome on the nasdaq and the inside days for the spx and djia are excellent signals. Sooooooo...! Lets climb the wall of worry and let these fund managers regain some back pocket bonus money. My momentum indiactors were on the edge, but if they put in a bottom yesterday... we're home clean an rising. SPX targets are 1240 early on then 1283 later on... Then big forks are looking at 1400... DJIA 10700 early on... 11200 later... NAS 2300 early on and then next fork is at 2800... HAY....! But these are restless markets and can change on'a dime. Remember I'm an Ameteur, just having fun learning market timing...! Chip