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: ajtj99 who wrote (89698)	1/19/2004 6:29:13 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

My feeling exactly, that is what scares me. Too many bullish charts.

To: ajtj99 who wrote (89698)	1/19/2004 8:07:27 PM
From: SwampDogg	Read Replies (2) \| Respond to of 209892

FWIW the market looked like that at the tops in 2001 and 2002. This is probably just a bigger hook and therefore far more convincing. Charts look bullish until they reverse and look bearish and this can obviously happen when everybody least expects it. Still looking at the likes of KLAC and AMZN and they are still about where they were 3-4 months ago but everybody is all lathered up. Money has certainly rotated into telecom crap and that is probably a sign that the 50% retracement level on the $SPX is well worth watching. Flat here and watching the indices. See the action and comments of the last few days as great evidence that Wave 2 is just about done.

To: ajtj99 who wrote (89698)	1/19/2004 8:13:38 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Mat Oniscka is bullish short term, expecting a small consolidation - and then a likely IT top at DOW near 11K (I find it interesting that his count on the LT chart is an 'abcde' decline off the '2000 top, which is the same as Prechter's "Broadening Wedge") Summary - it exists still another Kurspotenzial until 10,850 and/or scarcely 11,000 points - takes place an immediate expansion into the 10.800-er range, if the index positively goes on Monday/Tuesday out of the trade - the pending intermediate correction can bring deliveries to maximally 10,200+ with itself - the K.O. marks for the bulls are about 10.150/10.200 and/or at short notice with scarcely 10.500 babelfish.altavista.com