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 : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (484)	4/22/1999 11:21:00 AM
From: Daflye	Read Replies (3) \| Respond to of 2103

Yep, the lower highs/lower lows in the TYX pattern since 3/6 could be broken with 5.50 holding and an upside break of 5.6ish. Upside resistance line projected out to 5.63 to 5.65ish??? Inverse head and shoulders with a (fast) measured move back to 5.7-5.75??????? Not good for high p/e'ers at all. If it happens, again. D

To: James F. Hopkins who wrote (484)	4/22/1999 10:26:00 PM
From: Les H	Read Replies (2) \| Respond to of 2103

Gettin' up there short term NDX Percent above 4/19 4/21 4/22 10-day MA 29.6% 59.2% 82.7% 21-day MA 35.7% 55.1% 73.5% 50-day MA 41.8% 61.2% 68.4% 100-day MA 52.0% 63.3% 66.3% 200-day MA 66.3% 69.4% 70.4% I have another report that posts theoretical extremes by comparing today's highs versus moving average (and also today's lows). It probably reached 80% on the 21-day MA. So, a short-term pullback is soon to come. Not very many oscillator sell signals in the index so stocks just continued to gather more momentum and more overbought today. As always, this is not a recommendation to go long or short, should first see a large number of momentum reversals (10-15% in a day) before taking the opposing position.