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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (6544)	7/9/2001 8:55:21 AM
From: John Madarasz	Respond to of 209892

couple quick thoughts... from ST: A strong move down on Friday in all major indices as well as TECH sectors. Some significant support levels were broken on the large cap stocks (INDU, OEX, SPX). These supports are now resistance.....keep it simple, what were FLOORS become CEILINGS once a breakdown occurs. Think of downtrends as waves or stairsteps....we are just riding one of those DOWN waves. Don't forget to take some profits (n SHORTS) on the way down. XAU (Gold / Silver) - MASSIVE tank and now consolidating just above the 200MA...its held lows for 4 days, if its going to rally, it MUST do it tomorrow, otherwise, its headed to GAP support at GAP support at 47... (my computer sucks<gg> I still can't get the f'ing annotation thing fixed from stockcharts after wasting the better part of a day...and my life... on it. Has anyone out there experienced problems with the annotation feature on stockcharts they were able to remedy??) tia