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Technical Analysis and Charting
This archived discussion is "read only". « Previous 1 2 3 4 5 6 7 8 9 10 Next » » DanG_6 - What head and shoulders? Well, the markets took exactly one day to invalidate that "head-and-shoulders" in the Nasdaq, closing far above the 2300 resistance area. The Dow broke through its 9400 resistance area with a vengeance. Next line of bear defense is the old high at 9600+. Any bets on that one?- Dan -- posted by DanG_6 » TONYBRIG - Investorwords.com Jen/AllTry this one: If that dont work I'll give you another freebie! -- posted by TONYBRIG » JenL_3 - Not to Worry! Rande S. gave a link to this CBS MarketWatch.com article at the BB site:William O'Neil says everything's fine This is an up-beat commentary on present market conditions from a TA standpoint. He says that last summer's correction was really a Bear Market, so now we are into a "new" Bull Market, that currently is just undergoing a intermediate term correction. His comments on the Advance-Decline line are also interesting: "We do not believe that strong breadth in the market as measured by the advance-decline line is necessary for a bull market to occur." Don't worry, be happy, the Bull is live and well, according to Bill O'Neil!...J.L. -- posted by JenL_3 » TONYBRIG - I feel for Oneill I read this mans book "How to make money in stocks. He's good the founder of InvestorsBusiness Daily. Talks about dips and to be wary of them cause you may be buying into weakness that can get weaker!! Dont chase a stock down to average down. He believes in buying strength. So does Jake Bernstein. Yet BB says buy after the correction and also dollar cost average. So who is rite? They are all rite/wrong depending on the circumstance. A real pro uses the correct approach at the correct time. And thats I believe one should strive to do. Best of Luck! TonyfromBklyn -- posted by TONYBRIG » TONYBRIG - I feel for Oneill I read this mans book "How to make money in stocks. He's good the founder of InvestorsBusiness Daily. Talks about dips and to be wary of them cause you may be buying into weakness that can get weaker!! Dont chase a stock down to average down. He believes in buying strength. So does Jake Bernstein. Yet BB says buy after the correction and also dollar cost average. So who is rite? They are all rite/wrong depending on the circumstance. A real pro uses the correct approach at the correct time. And thats I believe one should strive to do. Best of Luck! TonyfromBklyn -- posted by TONYBRIG -- posted by Holden « Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 Next » Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion. |
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