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 (12356)	8/1/2002 10:55:50 PM
From: Susan G	Read Replies (1) \| Respond to of 17639

And both were done as pre-market ramp jobs when the indexes were really oversold and just about to fail big time...which turned into breakaway gaps, massive short squeezes and forcing the index over 20 ema resistance when it really was ready to go the other way LOL. Like I always say, if resistance is not broken honestly, it always fails. Jam jobs just don't hold, especially when there is nothing but air underneath <g> I also think it has something to do with the fact the shorts who are squeezed are so pissed off they short with a vengeance when the move loses steam, and regain control for the bears <g>

To: Jorj X Mckie who wrote (12356)	8/1/2002 11:14:35 PM
From: Susan G	Read Replies (2) \| Respond to of 17639

Jorj, looking at that chart you just posted, if you duplicate that last trendline and run it parallel across the bottom of the last eight candles, that's one hell of a big bearflag. I had it marked as a rising wedge on my daily charts last night, from the lows, which broke today, but noticed when I saw yur chart that break has now morphed it into a messy bearflag... It's pretty large so if it is, and it breaks, the target down would be under NDX 800. mywebpages.comcast.net There's a big one on the SOX daily tonight also.