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 (24028)	1/9/2003 9:24:20 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

lol, as my son just said to me on the phone, what is this twenty questions? <g> yes, skiing was awesome. The outdoor hot tub during a huge blizzard was even better <ggg> We've had so much sonow here lately, it's been a daily event. And last weekend when I was in upstate NY they had 3 feet on the ground. Watch the 200 MA on the NDX and COMP, it means everything. After such an important move, although it barely closed above and cannot really be considered a breakout is a big deal. So a move below will cause selling, and a hold above it - especially a 2nd close above is bullish and buyers will step in on that TA detail alone. That's all you have to watch. And next week, if we go higher, the same event may occur on the SPX and INDU. That's where the REAL test is IMO, the nasdaq is just momo run, but if the S&P breaks and holds its 200 day moving average, that would be pretty damn positive. Gotta hold it though, or all hell could break lose if it fails. Watch the dollar too. It's in deep shit.

To: Connor26 who wrote (24028)	1/10/2003 1:56:46 AM
From: Susan G	Read Replies (2) \| Respond to of 26752

the beast...On of the most beautiful cup and handle breakouts I've seen in ages - and it's on the weekly chart. Took ages to form (as they should), and it's just starting to breakout. Could easily fail, but a cup and handle is a continuation pattern, meaning if it goes, it could be a good move. And this chart is a beautiful example of the pattern! I know you don't want to see this chart since you missed "the" bottom, but if it might be going higher, based on a longer term time frame you may be able to profit from a part of the move. It filled a long term gap too. So now we have to watch for more of a breakout, on rising volume, or a good rally - to go long a scalp or the less riskier swing trade would be to buy the pullback to the breakout line - if it holds on a retest. If the breakout was successful, (and the nas doesn't tank) it could easily test that 20 resistance area. Strong resistance there from trapped longs, the last top and the backside of the descending triangle that broke down. stockcharts.com[s8987074]&disp=G