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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (15344)	9/2/1998 1:34:00 PM
From: Judy	Read Replies (4) \| Respond to of 42787

Here's an eyeball Fib analysis of the DOW ... The DOW correction interval was from 8600 to 7400 intraday, using round numbers. A 1/2 to 2/3 retracement of the 1200 point drop is nominally expected, which means this retrace rally should falter within the interval 8000-8200, again using round numbers. I am not seeing distribution today in most of the stocks I track, so this rally is not losing steam yet. Don Sew called for a top on Sept 3/4, Favors called one for Sept 4, and Chris had some significant GET date of Sept 4th for a big market move.