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 : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (7638)	11/24/2005 1:06:57 AM
From: robb3267	Read Replies (2) \| Respond to of 7682

I think the recent two year lateral consolidation wore out a lot of people but we are just now starting to reap the benefits of that consolidation the past six weeks. Our weekly patterns have significant upside projections which I posted here some time back. The Nasdaq was the last to make the breakout move out of its Weekly base this week. stockcharts.com[w,a]whcayiay[df][pf][vc60][ila12,26,9][J48722333,Y]&pref=G I wouldn't be surprised to see the market pullback in the coming week or two to reset things somewhat but I expect pullbacks to be contained at/near our rising 20 SMA's. Take a look at our SOX pattern which finally tagged its neckline the past two sessions and may need a dip to form a right shoulder down to the 450-470 area. The pattern projects to 560 in time. This pattern holds the key to the next leg up in the markets in my opinion. Once this pattern breaks after some likely consolidation we should run hard. My scans continue to show a tremendous amount of 12-18 month bases that are ripe for long runs soon. stockcharts.com[w,a]dhcayiay[d20050307,20051207][pb50!b200!f][vc60][ila12,26,9][J62528459,Y]&pref=G Happy Thanksgiving to All.....