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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (63086)	12/30/2005 12:26:23 PM
From: Clappy	Read Replies (1) \| Respond to of 65232

Cool RR. I'm watching it now. Thanks for the heads up. -Clapper

To: RR who wrote (63086)	12/30/2005 12:44:07 PM
From: Clappy	Read Replies (2) \| Respond to of 65232

I was about to ask you why you might prefer this possible turning point as opposed to the set up that happened on Dec 27th. The 30 min and 60 min charts looked similar that day in the way they are turning now. However I rolled out the chart to the next time frame of 1 Day and discovered the answer myself. The daily chart did not look close to being done on the 27th in comparison to now. That is not to say this down move is over yet. Just appears to have a higher percent chance of bouncing here as opposed to on Tuesday... I hope I'm not boring anyone here. I know this chart talk is hard to follow along without the pictures... -Clapper P.S. Just like to add here that the SPX appears to fallen through support and might not rest until it hits the 50 dma line or possibly the previous support shelf at 1240ish.