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 (11474)	7/29/2002 7:00:29 PM
From: Susan G	Respond to of 17639

here's my bearish case <g> My favorite pattern looks to be forming on the daily NQs...a bearflag right into the 20 EMA daily, which has been unbroken since May, except for one spike through in early July which then was followed by 200 points to the downside... especially looking like a bearflag with the new candle that started at 4:45 being a red one. Dropped to 957 right after I did this chart too, so the futures are back to where they were around 2 pm, the entire late afternoon ramp given back already, if it doesn't pop back by the morning. The broken trading range right overhead is a lot of resistance though. If it breaks over that 20 EMA and holds for more than a day or two - not just a fakeout, I'll reconsider the bearsuit. mywebpages.comcast.net The compx 20 EMA daily is only 12 points or so way, around 1247. That is going to be quite the battle area if it gets there tomorrow! Wouldn't be surprised to see it gapped over pre-market, as all tough resistance has been the past few months. Problem is, that never seems to hold when it's forced over... Consumer Confidence numbers out at 10 am. Could be market moving <g>