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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (48380)	3/28/2004 4:40:56 PM
From: LTK007	Respond to of 52237

EDIT--Thanks--I have put your message in my iHub storage to read in detail once i get the free time. But right off i agree, in retrospect, fully that Oct 2002 was the bottom signal--the 6-1 rydex Bear/Bull ratio in March 2003 the exclamation! point. I am thus counting the days of this rally from Oct.2002, such that we are somewhere in 500 days plus some range. in e-mail describing a 'Chart of the Day' <<For example, half of the rallies since 1950 lasted less than 600 trading days. Either way, as stock market rallies begin to get long in the tooth, the potential for major gains tend to diminish while the risk of a significant correction tends to increase. So where do we stand now? So far, the current rally has been about as average as it can get. Stay tuned…>>

To: Michael Watkins who wrote (48380)	3/29/2004 12:11:35 PM
From: Compadre	Read Replies (1) \| Respond to of 52237

Michael, Thanks for the chart. That's the drawing that I wanted to see. It matches mine, so I was fairly accurate after all. About long term trend lines. My opinion is that is a good percentage of people watch a particular trend line, they are likely to influence it on way or the other. Take the one you have drawn, you will see a hesitation right at the trendline that lasted from October to December of last year. And if you draw the monthly chart and draw the same trend line on it, the Ndx stop right at the trend line. So I think it does matter, weather we as individual players think it is valid or not. As long as there is a good number of people watching it, there will be an effect on the market. And a good number may just be as little as 5%-10% of the traders.