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 : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (94894)	7/15/2002 9:00:53 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Sylvestor, using that logic would have had you buying the COMP when the NDX breached the September lows at 1088 in May. Oh yeah, you did do that. I forgot. Oh, the NDX dropped another 143 points after that breach. Oh, the COMP also followed and breached its September lows. I have no problem with the Dow bouncing here. It just needs one more low, that's all. I did look at the NDX chart for the last 5-days last night. I saw the ADX was not at oversold levels that have led to sustainable bounces. Let me know when you see the green line on the ADX 14 at -10 or below. That's where you need to be for a bottom. We're not even close.