INTEL TRADER 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.

Technology Stocks : INTEL TRADER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Trading Machine who wrote (8401)	5/20/2000 10:31:00 PM
From: John Harton	Read Replies (1) of 11051

TM Black Crows, Marubozus and other Entrails It does indeed look ominous. I had gotten buy signals(on QQQ) on my 3 favorite T/A indicators(Candles, MACD, Stoch) on Wednesday and had resolved to disregard the coming "noise" that would inevitably accompany options expiration and look for an entry. I also(wrongly) felt that QQQ would close Friday at ~90 as I had(very roughly) figured that to be the strike that would render the most damage to the most outstanding puts and calls. So a close ~81 a comparative bargain eh?<g> One thing in our favor is that the daily chart on QQQ(our trading vehicle) doesn't exactly match the NDX in the Black Crows and Marubozu dept. Furthermore, if you pull up a 60 day daily of the QQQ and underscore it with a volume table you will see no pattern greater than 3 days of consecutive up(blue) or down(red) volume. This Monday would be 4 downs in a row. BWDIK Here's hopin' we have a good one or get the heck outta there.(^_^) John PS Wasn't Thomas the doubter and Paul the one who kept the faith?<g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next