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 : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Kelvin Taylor who wrote (47891)	4/25/2003 6:50:35 AM
From: Kelvin Taylor	Respond to of 53068

NAZ is up slightly on the year, but still down from this time last year. DOW is down YTD and -16% from a year ago. Maybe the NAZ is about to really out perform the DOW? Schaeffer on Charts: Nasdaq Composite Does a "Double-Takeout" By Bernie Schaeffer 4/24/2003 9:07 AM ET The Nasdaq Composite (COMP) has thus far in April taken out resistance at two key long-term moving averages – the 10-month and the 160-month. On a monthly closing basis, COMP has been mired below its declining 10-month moving average since April 2002. And with the exception of November 2002, COMP has closed below its rising 160-month moving average since July 2002. Should COMP remain above these key trendlines at month's end, it could mark the beginnings of a new bull run for the tech-dominated index that might ultimately carry as far as the 2000-2200 area – a potential double from its 2002 lows. There is resistance in the 2000 zone at the 80-month moving average, as well as the normal resistance to be expected at a millennium price level and at double a major low. For charts see SCHAEFFER ON CHARTS schaeffersresearch.com