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: Sully- who wrote (38889)	7/12/2001 2:12:16 PM
From: Sully-	Respond to of 65232

13:40 ET Nasdaq Composite : -- Technical -- In a holding pattern just off the session high and just below a number of resistances in the 2057/2068 area. This marks the 50% retracement of the July tumble, bottom of the July 6 gap and the 20/100 day simple ma. Overextended short term posture and a breach of 2045/2041 suggests that a correction is likely underway. Further out, daily indicators are positive with a breach of the above and the April/June and Jan/May trendlines (2075/2080 area today) increasing the probability of a run at the July/June/May highs. Ö¿Ö