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 : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: robbie_nw who wrote (33160)	2/25/2002 3:00:52 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

Charting Money: Dow Promising, Naz Not Delivering 25 Feb 12:00 By Stephen Cox, CMT A Dow Jones Newswires Column NEW YORK (Dow Jones)--The Dow Jones Industrial Average is up nearly 100 points at midday Monday, testing breakout resistance at 10043. All else equal, this is the set-up for a renewed bull move. The Nasdaq Composite on Friday recorded a bear market low of 1696.55, practically at 1690.19 target support, and it's trading nearly 20 points higher on the day at midday. That's also promising. But the Nasdaq is roughly 300 points below breakout resistance at 2034.55. Evidently, not all else is equal - not until the two indexes have cleared breakout resistance. If the Dow clears 10043 on a close, the breakout is genuine. The point is that upside progress is bound to be slow until DJIA and Nasdaq are in synch on the upside. And there are literally an infinite number of ways that could happen. For example, note that the high for the Dow's uptrend since Sept. 21 is the Jan. 7 high of 10300.15. Perhaps the Dow will mark time between 10043 and 10300.15 while the Nasdaq edges above 2034.55. The danger for bullish observers is that the Dow could drop back to the lower 9800 handle to let Nasdaq catch up. But now I'm not analyzing. I'm speculating. Bonds Away! More newsy, perhaps, is the fact that the CBOT nearby T-bond practically hit target resistance at 105-16 on Friday. Friday's high of 105-04 was shy of the target, and Friday's settlement of 103-19 was near the bottom of the day's high-low range. That's all typical of a topped-out market. A technical breakdown will be confirmed by a settlement below moving average support at 103-25. In that case the U.S. 10-year yield will headed headed toward resistance at 4.946%. To try out the new Charting Markets weekly technical newsletter go to djnewswires.com For more technical analysis see: Dow Jones Newswires, N/DJTA; Telerate, page 4073; Bloomberg, NI DJTA; and Reuters key word search "Charting Markets." CQG key word search "Charting". -By Stephen Cox, Dow Jones Newswires; 201-938-2064; stephen.cox@dowjones.com (Stephen Cox, a chartered market technician, is chief technician for Dow Jones Newswires.) (Data by CSI, Commodity Research Bureau) (END) DOW JONES NEWS 02-25-02 12:00 PM

To: robbie_nw who wrote (33160)	2/25/2002 3:02:17 PM
From: DlphcOracl	Respond to of 99280

VIX continues to drop -- now at 22.86 (eom).