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 : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (1121)	8/7/2001 8:24:20 AM
From: HairBall	Respond to of 1328

JRI: 8/7 (+/- one trading day) still has the possibility of being a pivot low. After the 7/11 bottom I suggested early on, that I doubted it would extend the 4/4-5/22 move up retrace. So far I have not had a "completely failed" turn date. The 7/19 high turned out to be a secondary pivot high, but I altered my read and stated several days in advance that is would be a lower high than 7/2. The 7/30 (+/- one) turn date was a miss for the Naz Comp, but the NYSE Comp peaked on 7/31, which was within the (+/- one) window. Based on my technicals it is still likely 8/7 (+/-) could be a pivot low. It is however; unlikely the time window will see the COMPX price action tag the support line of the COMPX wedge as originally targeted back on 7/8. Regards, LG