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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (58118)	10/30/2002 9:36:47 PM
From: Shack	Respond to of 209892

Ahh. Its really just when the complete opposite of the expected move occurs. (after some technical breakout/breakdown) An easy one to see is the large downtrend line on the SPX connecting the August 2000 high and the Jan 2001 high which was broken to the upside in late May 2001 but could not hold the breakout. It fell back below and and sold off hard. That line was again broken in Dec 2001 and fell back below this past June leading to a harsh sell off. We are still below that line BTW.