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: bvinnieb who wrote (42919)	6/24/2002 6:00:08 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

<<I would think that there will be some more short covering and down we go.>. Why and why? And I really wanna know cuz damn it, you nailed the INTC reaction to a tee, man! the freep, still trying to understand "them" and their ways.

To: bvinnieb who wrote (42919)	6/24/2002 6:46:38 PM
From: jjstingray	Respond to of 209892

I think we will hover around this level until after the Fed meeting. I am betting we tank after that.

To: bvinnieb who wrote (42919)	6/25/2002 12:35:54 AM
From: Shack	Read Replies (3) \| Respond to of 209892

We had two TA developments today which are significant for the wigglers in the short-term: 1) We had a failed breakdown when the NDX dropped below the lower line connecting the feb and May lows. We recovered that breakdown smartly. 2) We have had a very straight move without structure off the lows which means we will likely see another wave in the upmove as per usual. I am not of the opinion that we have turned but I see potential for a couple more green days. I would caution the bears to wait this one out a bit.