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 (116388)	4/12/2005 2:50:55 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

And a bunch of 50 cent Strikes taken out on Crude Oil today as well. Ray

To: The Freep who wrote (116388)	4/12/2005 3:06:48 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

SPX is looking better for a reversal from the recent 1163.7 low. Arguably it's now in a 3/C up from then. MACD crossed up,CCI in midrange, RSI 14 in midrange and pointed up; stochs are crossed down, but room for more up is there. stockcharts.com[h,a]daclyyay[dc][pb7!b17!f][vc60][iLa12,26,9!Ld20]&pref=G I notice that you frequently take a look at other indices (SOX, BTK, etc) and major issues and combine them all for a bigger picture of the market in general. What say you from that viewpoint at this juncture (assuming the bounce holds today, which it looks like it will)?

To: The Freep who wrote (116388)	4/12/2005 4:26:47 PM
From: TRINDY	Respond to of 209892

Yes, this action by the markets is quite impressive, but it shows how vulnerable the market is to Fed's willingness to continue their bubble ways. The Fed has no choice but to fight any acceleration of inflation, increasingly seen by many as an inevitability. When the realization hits, look out below. Interested readers might want to take a look at the Michael Belkin interview (page 8, continuing, strangely, on page 5) in the following document, originally posted by Russwinter. www.weedenco.com/welling/Downloads/2005/0706welling040805.pdf Cheers!