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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (80645)	7/21/2001 11:57:48 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

eichler: imply that with the compx, QQQ forming those bull flags on the 60 minute timeframe I would not call those bull flags. An occasional surf by Kevin’s web site is well worth the time invested...IMO chartpatterns.com It has not been "my" experience that a series of patterns at smaller time intervals repeat in longer time intervals, at least not with noticeable or predictable regularity or vise versa. Regards, LG

To: eichler who wrote (80645)	7/21/2001 12:25:39 PM
From: mishedlo	Read Replies (2) \| Respond to of 99985

Eichler I would appreciate your comments on the last graph here: pristine.com Read the text as well. I fail to see anything bullish here. I keep seeing a few headfakes above 2078 and a Naz that can not even get back to the top of the channel. Seems more likely to me that the next test of the bottom falls thru, especially with MSFT cooperating. MSFT INTC CSCO QCOM will hold the key. If they rally the market will rally with it. If they die the Naz is going down. It is as simple as that IMHO. QCOM at top of range facing huge resistance. INTC appears to be right at resistance as well. What kind of pennant is that from roughly June first until now? I do not know how to read these things. As for MSFT and CSCO without looking at a chart I would suggest it is clearly making lower highs and lower lows. I just do not see much of a bull case here. M

To: eichler who wrote (80645)	7/21/2001 12:53:16 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 99985

eichler I'm not sure what to imply from the repeating patterns but it seems clear we are still in a down trend on many scales. I will work on getting a website set up where I can post my charts for discussion. But when I look at the monthly chart of the Naz composite it appears to me that we have penetrated the rising trendline support going back to 1994. We did this in March of this year. The month of May was spent trying to get back above the old trendline and it was not able to penetrate to the upside. Now we have turned down from that trendline since June. So on a longer perspective it still seems like the Fibonacci projection to 1356 on the COMPX is acting like a magnet. It may be possible to find support on the rising trend channel going back to 1990 which right now is around 1450 or so. But to me it looks like we are going down somewhere in that area from a longer term perspective. good luck. M.