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: The Freep who wrote (64771)	1/27/2003 10:23:13 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

P&G better pull a rabbit out of its hat or it is screwed. It is tettering on the brink of major failure, they saved it today but if earnings are not good, that stock is going to get pummelled. That would go the same for the Dow. If P&G is down heavy, we may have the impetus to get some capitulatory type volume and we could start looking for our bottom.

To: The Freep who wrote (64771)	1/27/2003 11:14:32 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

The DOW retraced close to 62% of the October rally, and SPX is a few points away from the corresponding level. The NDX is relatively stronger, and is now re-testing the ~ 50% retrace of the October rally, which it already achieved on December 31. The declines on all three indices on the hourly seem impulsive, and look like they mean business. The December 31 lows are history – except on NDX, where ‘testing’ is still in progress. Incidentally, a rally above SPX 870 or so would create an overlap in the decline… something to watch. The war will apparently happen. Will they buy it or will they sell it? I think that as the war starts, there will be a drop – because this time it IS "different", for we do not know the status of the Iraqi unconventional weaponry. There will be a very justified fear at first – and then, a rally, albeit maybe a brief one – if nothing wildly terrible occurs.

To: The Freep who wrote (64771)	1/27/2003 11:41:07 PM
From: velociraptor_	Read Replies (1) \| Respond to of 209892

ADX still has room to rise. The -D stil lhas room to rise as well and could hover at high levels while the +D continues to slowly drop. The hourly ADX is key for a reversal. Usually in an impulse the ADX will start to drop during the 4th wave and keep dropping during the 5th to suggest the end of the trend is near. even in a non impulsive move you should still get a falling ADX when you get close to a reversal. As of now, the ADX is still rising.