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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: plugger301 who wrote (12788)	2/23/2002 11:02:20 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

Before they actually rolled over, I started focusing on it when I realized it had not occurred since September 2000 on the NDX...pretty scary! Especially if you look at the daily chart, and realize that is when the Nasdaq really started to break down. A warning of what's to come? My original post left out the 200 MA... All three crossed over. In May 2001 there was a crossing of the 20 over the 50, but we were already far below the 200 MA. I was looking at the monthly Nasdaq 100 chart last night, and saw that this week the the important 2001 support levels were broken. And the rising wedge that broke down in January never even made it up to test the 20 ema, even though the emas are declining. The Entire Nasdaq bubble has deflated, we are back to 1998 support levels. And what's really scary is, stocks are still overvalued... home.earthlink.net