MARKET INDEX TECHNICAL ANALYSIS - MITA 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 : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who wrote (3599)	6/27/2000 3:59:00 PM
From: Joseph Stratmann	Read Replies (1) of 19219

Thanks so much for the response on PHCM and COMPX. Just to reply to PHCM, I hope this opinion isn't colored as Im currently long the security, I had an upward trendline drawn since end of May that it has bounced off of today. The start point was low of 4/14/00 then next point at 5/24/00 low. Today it bounced of that trendline at about 68 1/2 or so. What Im afraid of though is I'm looking for something that just really isnt there. :( Comments? Just to play Devil's advocate it broke the gap clear back at 77 - God only knows what I was thinking, should've caught that right away. My S&P model is based on 19 inputs currently. I need to work with it a bit more as 5 of the inputs have a sensitivity less that 1% (yet the top 4 have sensitivity > 10% each). As I still consider it a work in progress I have only paper traded the model achieving as I said earlier a 75% success ratio. If interested, I'll post tonight what the model's next position is for the next trade (it's currently long as of 6/26/00). -Joe PS. The close looks awefully ugly to me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next