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: TechTrader42 who wrote (35631)	5/7/2002 7:38:39 PM
From: ajtj99	Respond to of 52237

Brooke, my experience (brief as it may be) has been that anytime we do greater than a .618 re-trace on a major index, we end up going all the way to test or breach the underlying support. How strong is that support at 1560? I don't have any charts up right now, but either that has to be on the monthly or a monthly M/A, as I don't recall it being real major in the past. The NDX bounced at 1142. What's that? A test of the Sept. 21 close? This is just a warm-up for the real deal. As for the VXN reversing and the COMP moving up, we know that lower VXN numbers do not always mean higher COMP levels. After a bounce, we could drop again with the VXN still heading for the middle BB.