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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: jkl77™ who wrote (99138)	7/23/2008 12:48:50 PM
From: Drbob512	Read Replies (1) \| Respond to of 100058

jkl77: As you know, I believe that the best signals for bottoms are either a selling climax or a double bottom that is successful. So either would be a positive sign of a tradeable bottom. Spx could test 1200, probably will imho, and if it holds on a closing basis on a bullish intraday reversal day, that could be a bottom, but if it closes near 1200 but without a strong close that is a reversal, then we would very likely make lower lows in the mid to low 1100's. Right now the market has a lot to prove technically before a new intermed uptrend is shown, imo. A washout of the generals, like fert and oil majors along with other stocks, could lead the way to a better rally. regards, drbob