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: NOW who wrote (139881)	1/3/2007 4:41:05 PM
From: Shack	Respond to of 209892

Your guess is as good as mine te, but I like your chart in that it points out some decent upsloping resistance nearby. One thing I do believe is that if the COMP/NDX have indeed just finished triangles or wedges or whatever...then the next move up will likely be the last one in the move off the summer low as triangles tend to appear in position (iv) of an impulse. $SOX, $NDX, $COMP, $GSO...all have really nice corrective wedges and triangles off their November highs so I still think we can easily go higher from here. Bulls are only compla$cent right now....they need to get lathered!