P&S and STO Death Blow's Message Board

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 : P&S and STO Death Blow's

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: augieboo who wrote (17723)	11/30/2002 9:51:35 AM
From: Jeffrey S. Lillie	of 30712

Hey augie, isn't it amazing how unbiased we can think when we are flat or neutral. You make wonderful points and the chart is SWEET. I definitely have a bias to bear side, but am trying my best to keep an open mind to bull case. one thing that i see from a bearish perspective, is that other than 2000, the rallies of the last two years have crapped out pretty much at the same time as the BP's. I am by no means saying we fall off a cliff. I believe we get a pullback into expy then make another run at the highs. I have not ruled out the possibliliy of higher levels than those achieved on this run, but think chances are small. In that scenario, the bp's would also pullback some and make another run. They could easily (morseo the bpcompq than bpndx) go to higher levels than achieved here. i am now short via RYVNX with a full position. plan is to ride it down for a week or so, take a half long position(as i really dont want longs, but still want to play) and dump when we get toppy again about 2-3 weeks from now. Then i will reload the full position short and look to hold for months. ********* IMHO the NDX will VIOLATE its ascending triangle breakout of last thursday by no later than the end of next week. ... Same for nas at 1425. One question: WHY? ************* i read it in a fortune cookie (ggg). Seriously, that is what my analysis leads me to believe. I cant point to one chart and say look at this cause that chart doesn't and never will exist. I look at lots of different things and that is my result. Probably not the answer you were looking for, but that's all i got. jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next