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: Shack who wrote (131760)	4/9/2006 5:57:24 PM
From: Henry J Costanzo	Respond to of 209892

AA.......<<.Much more to go too.>> Yep......I posted 3 weeks ago a chart projecting (with a mix of TA and EW) a target of 70. However, a straight TA analysis would project much higher.......into the high 80's...... .........IF .....IF......the upper downtrend line of that 5-year symmetrical triangle is broken.....with convincing volume..... Well to remember that hasn't happened yet.....(.....and in that connection, always well to remember the EMC......LOL)

To: Shack who wrote (131760)	4/10/2006 10:09:39 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

AA.........Your fave shattered "consensus", Shack.....up almost 7% AH ........over 35..two year high........Will probably confirm big triangle break tomorrow..... Way to go, man........early AND right!..... Muchos congrats !!

To: Shack who wrote (131760)	4/11/2006 8:49:59 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Interesting juncture.... SPX has been for weeks in a supertight range - from what I read, one of the longest and tightest in history. Last week it managed to make yet another fake new high - and right now the question is whether it will succeed in breaking the late March low of 1291.84. The sentiment is not particularly supportive neither for bears nor bulls. BKX is still sitting on that same old resistance line... actually, on the (more precise) QCharts it is slightly below that line at this time (the key word being "slightly": stockcharts.com[f,a]waclyyay[d19971023,20061222][pb50!b200][vc60][ila12,26,9][J68528346,Y]&listnum=1 McHugh (?sp) talks about a "confirmed Hindenburg Omen" -- and so far longs failed to make any real use of the "bullish Seasonality" - which "officially" ends in early May. The (12,26,9) MACD is on a sell signal on the daily - and even issued a "sell" on the weekly as of yesterday (which may not mean much, since the week is only starting). The last weekly "sell" occurred in mid-September, as the market was accelerating down into the October low. AA beat expectations.... will this trigger a rally, or will the players disregard it... and sell? There are still plenty of interesting things to discuss about the markets..... ;) edit - let me correct myself - bulls DID make use of the bullish seasonality. The advance since October was great. But - it stalled, and was more or less chopping around since November.