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: The Freep who wrote (116250)	4/8/2005 10:56:04 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

If we are still in some sort of a "4" counting since August of last year, then it's getting really long in the tooth... If this is a corrective bounce, and if the trend actually has changed on March 7, then, of course, it can keep subdividing and bouncing around for a good deal longer, without changing the larger picture. But, IMO, the minimum bounce needed to correct the March decline is already completed. But - if SPX dips below the S/R in the low 1160's - in that case, most likely, it's Acta est Fabula....

To: The Freep who wrote (116250)	4/8/2005 11:25:01 AM
From: Henry J Costanzo	Respond to of 209892

SPX....in English. On the 30min wiggles, this AM's down broke the UT line up from Mon. (Sorry to descend to 30min, but as you know, so-called 60 min charts not valid for trendlines)....Also, RSI negatively diverging on most intraday levels........ Nothing conclusive yet......but your "either way, pending" looking at the moment biased toward one way....