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 (131003)	3/21/2006 7:04:49 PM
From: Shack	Read Replies (1) \| Respond to of 209892

At least we have a clear near-term LITS as per cyber's chart. That should help with your "flux" issues....issues which I am sure mainly come from the tech charts. and able to do some "damage" to the bullish reads with down No damage yet to non-tech Freep...unless I am missing the obvious. Edit- Its weird to see the NQ's 11 below fair value while the ES is actually above fair value. A reminder of how important it is to pick our donkeys carefully in this schizo market.

To: The Freep who wrote (131003)	3/21/2006 10:57:05 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

SPX -- I can see more than one way of reading all this, including a running triangle from the Dec 16 high (which may project up as far as 1350 or so... or may not). Or, it could have been a complex correction from Jan 11 top, followed by the breakout a few days ago.... in which case, a) the entire move may be over, or b) we may have seen only the first leg of a new larger move... with today's drop being part of a correction... and the index poised to shoot up hard over the next few weeks. Or it may not. There are other ways of looking at it as well. Come to think of it, everything on SPX since late Nov - early Dec was little more than a choppy jello. It could make a move up - or it may prove to be a topping formation. I don't think that charts give any real indication at his time - which does not mean that others may not see in the charts more than I do. Over the next several weeks the bullish seasonality will end... which may create additional headwinds for the markets.