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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (41110)	4/22/2004 11:57:52 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69967

with Bo Yoder April 23, 2004 Yikes! The bear flag I spoke of yesterday fell apart in dramatic fashion today. Instead of bearish continuation, we experienced yet another range move as the market ramped from range lows to highs. This leaves me without much bias for tomorrow's session. I can see the argument for a collapse back into the range, or a continuation of the buying. This ambiguity will keep me in scalp mode as we close out the week. STOCKS TO WATCH: SPY shows a lows-to-highs range move on its daily chart. The QQQ has begun to chop itself into an expanding range. GTW has printed a pullback to support on its daily chart. The MSFT daily base has matured nicely. PMTC has formed a messy bull flag on its daily chart.