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: jjstingray who wrote (112592)	1/27/2005 5:15:02 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Naw, I tell you I'm tempted to buy a gap down as long as its not below $29.79.

To: jjstingray who wrote (112592)	1/27/2005 5:15:51 PM
From: The Freep	Respond to of 209892

JJ -- that bear flag might work out, but I'm plenty dubious. The SPX couldn't hold on to its similar breakdown today, and it looks far far worse off the lows. Also, look at the SOX or even the BTK off the lows -- not bearish looking. Earnings are back to being rewarded, unlike the QCOM/EBAY smashdowns. Even mediocre numbers are leading to rises here -- and that's the opposite of what we saw last week. Weekly sticks are all have a chance to look like possible bottoms here. I think bully is in charge here, and I would not be at all surprised if we went up and out of that channel tomorrow. That'd put me out of the "one more low" camp, obviously. BRCM back to the mid 31s, and the QQQQs are up in AH. For better or worse, MSFT price action has much more to do with the NDX than BRCM. So far, it's still up. NVLS is up a big. SNDK way up. And none of the big boys I checked are really down much at all, including BRCM. the freep