Tech Stock Options 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 : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Nemer who wrote (35622)	2/26/1998 3:41:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) of 58727

To: +lisa (14416 ) From: +David Plonk Thursday, Feb 26 1998 3:37PM EST Reply # of 14424 Lisa & Barbara: RE Shortened Correction: The market action today convinced me that i was wrong about this correction running into 1:30pm tomorrow, and about the minimum size. The wedge bottom that formed this morning, with a break of the upper wedge line, seals the fate of this correction as one that did not materialize in a big way. It terminated at 12:50 when 1044 was taken out on the upside in the march S&P futures.. :o(. I was looking forward to reestablishing longs at least in the low 1030's, but had to "go with the flow" when this terminating pattern formed. So it was basically a sideways correction with a truncated ending. I expect the market to now gun for the low 1070's on the march S&P's from here, about 170 -200 dow points up before the next significant correction opportunity. Good Luck, and my apologies for the false alarm. Yours, David P.S. The 5 day trin's movement to above 5 (a neutral reading) will suffice for a buy signal in a raging bull market, as this was the reading on this indicator when the last big rally began on 1/29.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next