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: skinowski who wrote (85817)	11/14/2003 4:23:57 PM
From: Shack	Respond to of 209892

Agreed, no damage yet. Just a comment on the candle. All fun and games unless $22 falls.

To: skinowski who wrote (85817)	11/14/2003 7:53:12 PM
From: Perspective	Respond to of 209892

These should be good targets too: stockcharts.com[w,a]daclyyay[pf][vc60][iLb5!Lb14]&pref=G stockcharts.com[w,a]daclyyay[pf][vc60][iLb5!Lb14]&pref=G BC

To: skinowski who wrote (85817)	11/14/2003 8:11:25 PM
From: NOW	Respond to of 209892

i sense a lot of bears backslapping today: could easily see another run to new highs next week while goldslammed just to knock the wind out of everyones sails, (mine TOO)!

To: skinowski who wrote (85817)	11/15/2003 11:06:00 AM
From: SwampDogg	Read Replies (1) \| Respond to of 209892

The problem that I have with new highs is that everyone is looking for on more up. Does the market ever offer such an obvious blowoff shorting opportunity that everybody is waiting for? We may indeed make new highs but probably only after a trip down to the 960-990 level first. My preferred count is that we are done. We will see Wave 1 down to that 960 level, a Wave 2 rally into early January and then we break to new lows (below 768) in the first quarter of 2004. The next IT low would be in the 500-600 range in mid summer/early fall. The alternate is that 960 holds and we have one more high a la Santa Claus to DOW 10,000+ I continue to be short Semis here with stops above the recent highs. I will cover if volume dries up in the mid 900s on the $SPX.