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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (22399)	10/24/2001 8:53:36 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 52237

Don i think you'll be able to see this chart of the SPX which is what i use for my buys and sells.. what you'll see here is this index broke down at 1160, it plunged straight down to the recent low of 950 without any reversal up..then we bounced off the lows to that column of X's up to 1100... we then moved down in O's and then up in X's...the last 2 col...here's the thinking in P&F...speak<g> we're in a triangle..either we breakout at 1110 to break a double top over 1100 that top 3 col's back..or? we breakdown here at 1050... in the last move lower last week...on the daily candle chart 1055ish was the low...so if we take that out soon then we could really get hit...by the same token..1107 was the 10/17 high..same deal there..we could pop if we take out those highs.. pivots are right there either way..anything in between is noise...that noise is 1100 to 1060...50 points... here's the chart... buyitbuyitsellitsellit.com