SI
SI
discoversearch

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.
Non-Tech : Dorsey Wright & Associates. Point and Figure
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rich1 who wrote (1870)11/17/1999 11:24:00 PM
From: Ms. X  Read Replies (1) of 9427
 
The only way to judge on large drops is to wait for the reversal up. That way you know the pullback is over.

Unless a stock has a clear support level, like previous bottoms or the BSL, you have no idea where a pullback from a high pole will stop. Pullbacks like this are normal but the best precaution to buying in the middle and not the end, is to wait for that reversal up. Then you have a close stop for a quick trade and at least some visual guide to your position.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News