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: Shack who wrote (113561)	2/11/2005 5:31:43 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Shack -- today the OEX came within tenths of a point of making a new high vs. the Jan 3 high. I know it's a somewhat narrower index than the 500, but if the S+P goes to a double top, the OEX will break the high. The Dow might, too, though who can ever tell? As for NDX/COMPX...uh... well... other than thinking it'll test the 50 dma early next week, I dunno. But I suspect the trend is up there, too. I was a little disappointed by that small EOD selloff. I was thinking we were gonna have a rocking good last hour, but I guess that comes Monday. That was one dull day (after two exciting hours!). the freep

To: Shack who wrote (113561)	2/11/2005 6:30:28 PM
From: ajtj99	Respond to of 209892

Happy Family Theory of Markets time. OEX is already at a double top. If it makes a higher high, HFTOM requires SPX and Dow to make higher highs. Go against HFTOM at your own risk! <G>