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 : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (2312)	7/15/2002 8:16:15 PM
From: Les H	Respond to of 29596

Ord oracle marketweb.com extract: The Nasdaq broke the 10/8/98 and 9/21/02 lows on July 2 on increased volume and implies a valid break to the downside has occurred and is a long term bearish signal. Short term the NDX on July 11 tested the July 3 low on lighter volume and then closed above this low. This condition is called a bullish " Spring". Today the NDX pulled back again and volume was lighter then the "Spring" day and implies the test of the "Spring" will be successful. If Volume remains near 10% lighter then the "Spring" day volume of 2.25 billions (today's test volume was 8.2% lighter) then the test should be successful and the NDX should rally up to test the 1070 area whish is where the 10/8/98 and 9/21/01 lows are. If the 1070 area were tested on light volume, then it would be the place to look for the next short.