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: Susan G who wrote (18072)	5/21/2002 11:24:48 PM
From: ajtj99	Respond to of 26752

Susan, BTK could drop to around 393 tomorrow AM, which is a mini support area and the point of the falling wedge on the 60-minute. A break could bring re-trace back to around 407 or 410 before the downtrend resumes. stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li14,3!Lh14,3!Lp14,3,3!Ll14]&pref=G BTK is already under the .382 re-trace of the move up from 375.24 to 431.88. That's weak, and it is pointing the way for the rest of the indices after we hit a local bottom. I believe there are some IPO's pricing tomorrow evening, so we should be up if we get those gaps filled. After holding things up Thursday, they could let things drop again after the IPO's are trading. Friday possibly another low followed by short covering into the weekend. That's how it might play out, or not. I think we need to get closer to 1600 COMP before we can have a decent end of month / beginning of month ramp. However, we can't have that weekly candle looking too nasty either <G>. Love your charts and posts. Congrats on lucky 13!