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 : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (6173)	12/19/2002 2:21:10 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 208334

Interesting chart formation resolving the recent down cycle Daily chart of SnP or a 240m chart back to the reversal in Oct Think they call it a "megaphone" Connect the low near Oct 28 and the low of Nov 12 Connect the highs in late Oct and the reversal high on Dec 2 Add a downward pitchfork that's carried the market You'll see we are seeing a resolution on the lower trendline Spirals in here have some downward room.... Fibs don't resolve for 6 more days, giving these markets a bias downward momentum into the end of December.