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 : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (8246)	7/12/2002 3:13:47 AM
From: Susan G	Read Replies (3) \| Respond to of 17639

I think that's pretty cool. And I only have the cheapie subscription. Did you see this posted tonight? And I thought I was a bear. His chart comments are hilarious, as is his commentary ... "OK, folks, keep your VIX knickers on" <vbg>" stockcharts.com I love your charts! I found that new chart on your thread before you even posted it on mine <G> First ever SPX monthly 50/20 ema roll over this week... Message 17726582

To: Jorj X Mckie who wrote (8246)	7/12/2002 10:06:49 AM
From: Dave Gore	Respond to of 17639

HEAD and SHOULDERS ON S&P500 - Collapse to 300? No way, of course. T/A, while useful, must be tempered by fundamental news, Market sentiment (fear, mistrust), and indiscriminate buy-sell programs, as I said yesterday. I don't become too dependent on T/A but use it with other indicators. Also stochastics readings are a big part of it. If you guys don't know about this site, you should raptorgroupresearch.com Raptor - "The expanded weekly here shows a very ominous head and shoulders pattern that has developed with support at the neckline near 923. A move below this projects to a very frightening 300, thus the 923 level MUST hold. Note however, that we have not had capitulation volume above the Sept low though as we continue to fall." He also says that a move above 980 is needed on the S&P to break out of the downtrend.