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 : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Tom Swift who wrote (15202)	4/30/2004 1:42:10 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 207042

Add another 2%+ drop overnight to these charts (these won't be updated until the morning sometime) and price will be at the 20EMA on the weekly chart and more than a bearish engulfing in that time frame, substantially below the 50EMA on the daily chart. trendvue.com Catching up? May be. Even with all that move, NIK will still be in an upswing on the monthly chart. Its next week that will tell the tale I guess... edit: maybe world markets need to sell off for a couple days to trap some Gold bugs long with their USD compatriots short, nab some broad market folks short and then reverse all three. edit edit: after squinting at the monthly chart, and considering that everyone and their dog seems to be recommending that people buy into Japan these days, a s/t market top, for now, followed by a retracement anywhere from 9000-10500 (total wild-a55-guessing here) would build a nice right hand shoulder for the as yet incomplete inverse head and shoulder on the monthly chart. Again, using implodo-fractal analysis, crushed egg-shells, inkblots, and following careful analysis of the entrails of sheep, we can extrapolate the measured move off the inverse H&S to 17000 sometime. Let me know how it works out ;-)