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: Paul Shread who wrote (33912)	4/8/2002 12:17:28 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 52237

I would jump on that, but the XTC is breaking down to new lows today. Not a good sign for the telecoms.. quote.yahoo.com

To: Paul Shread who wrote (33912)	4/8/2002 3:29:24 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Whadaya think about the fact that the SPX broke under the 50 SMA today, Paul? Also, the low for the Dow broke under the 50 SMA, and the low also went below support at the Donchian channel. The Naz hasn't hit support at its Feb. low yet, either. And yet, there's a doji candlestick in SPX's daily chart today, indicating a possible reversal to the upside. It's been a hammer at times during the day, too. (Seems like an odd place for a strong reversal, below the 50 -- more like an area for a short-lived dead cat bounce, but who knows?) I had intraday buy signals for the SPX last week and the Naz today, but so far I haven't had more reliable end-of-day signals, where sentiment really bottoms out. And the moves through the 50 SMA's make the rally questionable. Also, the longer-term sentiment indicators are overbought, in the 80s.) What are them as wot know saying? Bullish, bearish or safely out and neutral?