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 : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (7285)	6/21/2008 12:45:29 AM
From: skinowski	Read Replies (1) \| Respond to of 41420

I agree that the first leg up out of the March low was a Leading Diagonal, and recall posting to that effect. However, the theory that this recent decline since May is a matching move to the little scary pullback in April is, I think,... forced. I think that the March rally was corrective, and we are having a fresh down impulse from May top. In other words, imo we are still in a bear market - and it's not over. Just take a look at any weekly non-OTC line chart - INDU, or OEX, SPX... There is not much bullish about them. All look like an impulse down, then a failed rally - and a resumption of a decline. In fact, I notice that INDU today had the lowest weekly close since... September 2006.

To: Moominoid who wrote (7285)	6/22/2008 9:34:39 PM
From: Galirayo	Respond to of 41420

I like to double check my thoughts against PnF just to make sure ... and it has SPX Down to a Prelim Bear of 1190. stockcharts.com While NDX moving Up to 2160. stockcharts.com[PA][D][F1!3!!!2!20]&pref=G But if it Prints 1900 .. It's Doomed. The 144 is 1909 ish and falling. stockcharts.com 1175 may be just a Rest Stop for the INDU .. but .. Much below 11750 and it's Doomed too. Double Bottom Breakdown Revision near there .. and a Triple Bottom Breakdown Another Bearish Revision Target comes in if it goes a little below 11650. Dominoes ?? stockcharts.com