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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (13534)	7/17/2002 10:31:32 PM
From: bobby beara	Respond to of 19219

YES, Zeev, i'm watching those bp indexes, the problem is that the ndx has broken below the sept. lows and now has a box below broken support, while the bpndx has broken up sharply, the rally off the july 3rd bottom hasn't included the most important of the big caps like msft, intc. the speculator's have made money on the q, but the big boys are not in the fray, i can't believe dell is where it is, given where the nasdaq is, they should shoot everyone down here, dell should have an arrow in it's back as should qlgc. Today the nasdaq took out the downtrendline on a gap n crap, they had the chance to take the trendline and close on a bullish candle, i consider today's lack of follow thru an onus on the st bulls.

To: Zeev Hed who wrote (13534)	7/17/2002 10:42:03 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 19219

"Some of these indicators are so extreme that they may even force me to extend the scope of the rally" I have been amazed, and wondering what in the heck you were looking at to stay with this "weak bottom" stuff. We are profoundly oversold, to a level only exceeded four times in my career, Oct 87, Oct 90, Oct 98, and Sept 01. Like I posted to you earlier, we have now exceeded the depth of the Nikkei, and we are on the verge of passing the length of The Great Crash. The vast majority of active traders left are pure bears, so this is feeding on itself to the nth degree.