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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (34599)	3/20/2002 9:05:50 AM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

yeah, those guys are great...i look at that chart 3-4 times a week sometimes, and i'm still learning from it. Right above that 1550 line was the now infamous 1582 that we talked about so much here, that's been removed and changed to 1550. I also believe that the 1550-1582 level is the area of the longterm uptrend line that goes back to 1990, so that's helping to keep the index in check too. Here's a little older chart stockcharts.com 1350 is essentially the neckline to the big H/S that measures down to the 700 level too, and if you look closely, you will see that it has already been tested 3 times, which mean odds are excellent that the next time (if there is a next time) it gets tested it will fail. here's a cool old chart i just found, i need to update it... another great observation i got from my main frames over there stockcharts.com knock em dead tiger<g> jm