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: AllansAlias who wrote (72193)	4/25/2003 8:24:38 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

OK, here it goes: -The SOXX hit a double top at 349. -The SOXX nearly satisfied the double bottom target (10-points higher) -The Phoenix posted a multiple Harmonic Pattern - Bearish Gartley Butterfly for the SOXX that completed at 349 with a target of 284 and a completion of a larger gartley with a target to test the October lows. I've been watching his Gartley's since December, and it's uncanny how they work. The ones that don't seem to hit the maximum price target are the ones that have targets opposite the primary macro trend. -Close below the 13-EMA on the daily. If bullish, it should have held, as it would have been easy to do. -Close below the 50SMA on the weekly. -Pierce above and close above and below the upper BB on the daily chart. Normally price will hunt for the lower BB when that happens. Lower BB at 284, coincidently the initial Gartley target. -Double Bottom at 298 on the weekly should not hold on a third test. -Near textbook reversal candles on the daily and weekly chart. -Cycles coming into play. 144-day Fib April. 30. Top for the Sox was on the 8th day of the rally, a fib. High this week is also in the 21st week since the Dec. high. There's lots more stuff, but you get a general idea of what I'm looking at.