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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (41522)	2/20/1999 8:04:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

I'm getting mixed signals...It's not the punnishment it's the executioners?

To: GST who wrote (41522)	2/20/1999 8:17:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

I have a project for you. On a log chart of the Nasdaq Composite, draw a trendline under the January and June 1998 lows, and extend it to the present. Notice the sudden break in the pattern in July, and the lengthy attempt to find support on the trendline for nearly two weeks in August. Then the index breaks down completely for the global scare in September and the early days of October. Notice what happens next. The index rallies nearly vertically up to the trend line (drawn previously) fiddles around a while just under it, then gaps through it and peaks in January. Now the cool part. After the January high the index corrects. To where? The Trendline! And starts to rally! What we have is a resumption of the early 1998 trend for Nasdaq, with a huge panic time-out last summer. TA DA!! ...and to think this valuable insight costs you nothing!