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: cybersaavy who wrote (128573)	1/28/2006 12:57:09 PM
From: robert b furman	Respond to of 209892

HI cs, So we have long term resistance just ahead in both your recent charts of SMH and SPX. Regarding your SPX chart: With CMF at a lofty level and -DI and +DI racing to a collision - looks like next week or so will be selling off some stock at nice highs. Could well be the set up for weak price action in February and March as weak hands get shook off while your abc of B sets up just before Q1 EPS announcements in April. If techs earnings can prove to be on a roll,we could then convert those long term resistances into nice support. Bob