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 : Charting & Technical Analysis for Stock Indexes -- Ignore unavailable to you. Want to Upgrade?

To: chartwiznyc who wrote (79)	11/21/2001 7:40:37 PM
From: macavity	Read Replies (1) \| Respond to of 211

Non-Confirmation. Would I be right in assuming that non-confirmation should only be used with regards to the trend? E.g. In daily Charts. NDX/SOX/BTK/IIX/NWX are all bullish. 19Nov2001 High of move : NDX/BTK/IIX/NWX NonConfirmation : SOX => Close QQQ longs. Because the daily trend is bullish I can use the daily charts to confirm highs (as above). Can I do the same with the lows? Do they bottom (form higher lows) at the same time if trend is up, as in 30Oct2001. I am finding that there is some degree of rotation going on in tech as the indices/sectors have not always peaked and troughed at the same time in this rally. e.g. 7nov2001 biotech (BBH/BTK) peaked and Tech (NDX/IIX etc) peaked the day after. There has been a definite change in order on this rally up, indicating some sort of rotation within tech. -macavity