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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (23960)	1/7/2003 7:39:29 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

Pretty awesome follow through on the bullish ladder bottom reversal I posted about last week...That's the second time in the past 3 months the market has sharply reversed out of that pattern, both times started with a bullish descending wedge, drying up volume and after several days of relentless selling. Sliced through all the immediate overhead resistance too without any trouble at all. A pattern worth watching out for after selloffs, even on short term charts I've seen it work. And when it forms on the indexes - all of them at the same time as it did last week, you can practically throw darts and make a good swing trade <g> I highlighted the pattern with white boxes on this chart, for comparison. On the SOX, it was even clearer... NDX stockcharts.com[e,a]declyiay[d20021001,20031231][pb200!c50!c40!c20][vc60][iut!ub14!ua12,26,9!li14,3!ll14!ld20!lc20!lf][J8508981,Y]&pref=G SOX stockcharts.com[e,a]declynay[d20021001,20031231][pb200!c50!c40!c20][iut!ub14!ua12,26,9!li14,3!ll14!ld20][J8823907,Y]&pref=G