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 : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (11959)	3/25/2005 5:21:39 PM
From: Les H	Respond to of 29596

Stock Indices Reversing Lower; March 14th--March 28th Drop Likely... 3/12/05 Weekly Re-Lay: "Stock Indices are poised for an additional 1-3 week drop...this past week's Double-Key Reversal lower - combined with the DJIA & SPM weekly 2 Close Reversals lower - indicates that there could be 2-3 more weeks of downside...This could allow the Nasdaq 100 to create an equal-magnitude'C' wave decline ('A' wave = 1/03--1/24/05 drop) and reach 1415/NQM In addition, a small web of weekly Cycle Progressions (only in the NQM) pinpoints the week of March 28--April 1st as the likely time for a low..." 3/15/05 Intraday Weekly Re-Lay Alert: "[Stock Indices] are in a position where they could see a sharp sell-off in the next 2-3 weeks (beginning almost immediately). This is corroborated (but NOT triggered) by external-market cycles that identified March 11th--April 19th as a higher-probability time frame for terrorism (domestic or international), which could be unsettling for the markets. From a technical perspective, the DJIA, SPM & NQM are poised to reverse their daily 21 MACs lower at any time. The SPM came within a basis point of hitting its daily 21 High AMAC this morning and is likely to move progressively away from this level. ...Another big reason to consider this potential is the longer-term outlook and wave structure...the SPM & DJIA rallied to new highs, initially completing a 5th of 5th wave advance in the S+P 500. Although this '5th' of '5th' could extend and last into late-June, the S+P is showing that the minimum upside wave and price objectives have been reached...1-4 week traders can sell the June e-mini SP at current levels and average in up to 1221.5. Place buy stops at 1228.75/ESM...." 3/16/05 Weekly Re-Lay Alert: "...The indices did reverse their daily 21 MACs lower and did trigger intra-month downtrends on yesterday's close. This combination reinforces the potential for the indices to drop not only to their monthly raw SPS levels (which are being tested or approached now) but also to accelerate to their monthly HLS levels...The NQM added to this bearishness by re-entering a daily downtrend. The indices are in the midst of a 2-3 week sell signal and I would not be surprised to see them make it down to their weekly HLS levels..." Dangerous Time Leading Into April 19th. insiidetrack.com OTC and NDX should make up its mind soon about the 200-day moving average where they currently reside. 1415 on the NDX, which is a mere 3-4 percent below the 200-day, would seem inadequate for a break of a major trendline.