SI
SI
discoversearch

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.
Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: klatt_attack who wrote (5413)9/26/2001 6:45:59 PM
From: klatt_attack  Read Replies (1) | Respond to of 8150
 
a parallel that shouldn't be ignored...

1/31 to 3/22 - 34td
8/2 to 9/21 - 35td (including the 4 days we missed)

similarities inside each of those declines exist, but are more difficult to describe.

off of the 3/22 low, we had a 3 day rally to a short term high, then another rally to a lower high 5 days after the bottom followed by a retest 9 days after the bottom.

so far, we've had a 3 day rally to a high. if this parallel holds, we'll have a bit more selling followed by a rally into 10/2 (a lower high) and a retest and sharp reversal off of 10/4. in my opinion, the clx support such a pattern.

additionally, the pattern from march/april suggests upside acceleration on 10/17. the clx supports this idea as well with a -17 and a -23 coming off the 30.s in that timeframe.