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: robin 187 who wrote (17710)	11/12/1998 1:19:00 PM
From: marc chatman	Respond to of 42787

iix is an index of internet stocks trading options on the AMEX. My feeling is that if the head and shoulders is confirmed, which requires the iix to drop below the "neckline," that would be one technical indication that it is going lower. I don't have software to calculate where the neckline is, precisely, but it appears to be around 425-426. That still requires a several point drop. And, of course, some broker could come out this afternoon with positive comments and drive these stocks through the roof again.