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.

Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (2885)	8/19/2002 6:17:45 PM
From: ajtj99	Read Replies (2) \| Respond to of 10157

Wow, you're seeing the same things I am. Look at full stochs over the past year on the daily: stockcharts.com[h,a]daclyyay[dd][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J4451998,Y]&pref=G Each time they've become this overbought off a low they've corrected a minimum of 10% (October 2001) or headed to new lows. 10% correction would be COMP 1260, but I doubt we'd head up after a drop of that magnitude. This may sound stupid, but this is about as far as you can go with this rope strangling the volume without shutting down the market completely, IMO. BTW, the rise last year off the Sept. lows was a rising wedge and not a flag, so that accounts for the drop and resumption of the up-trend last fall.