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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (38578)	7/4/2001 11:52:55 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

From Donald Sew: From: donald sew Wednesday, Jul 4, 2001 7:12 PM Respond to of 10970 JULY 4 INDEX UPDATE ------------------------------- Here are some trendline/horizontal supports for the NDX: INCLINING TRENDLINE off of 6/20 LOW - around 1790 for tomorrow 1785 - 38% FIB RETRACEMENT off of 6/20 rally(1655-1865) 1780 - NECKLINE of HEAD & SHOULDER 1755 - GAP SUPPORT on 6/21 1735 - 62% FIB RETRACEMENT off of 6/20 rally(1655-1865) INCLINING TRENDLINE off of IMPORTANT 4/4 LOW - around 1710 for tomorrow 1655 - 6/20 TROUGH 1604 - MINOR HORIZONTAL SUPPORT 1481 - GAP SUPPORT on 4/9 1470 - APPROXIMATE MEASUREMENT of HEAD & SHOULDERS 1426 - MINOR HORIZONTAL SUPPORT 1392 - GAP SUPPORT on 4/4 1348 - 4/4 MULTIYEAR LOW If the NDX does continue down, lets see which support will become the pivot for the reversal upwards. I aint predicting, just following my short-term technicals. I feel that the first important support is the NECKLINE around 1780 since if that is broken to the downside that would imply that the HEAD & SHOULDER is still a possibility.