Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (34177)	10/5/2000 1:09:23 AM
From: IQBAL LATIF	Read Replies (2) of 50167

1416 and 3380 low and bounce ..on yesterday post.. This was one of the classiest call we made inter day, this is the best kind of inter-relation you can ever expect.... the reason I am highlighting is that I have tried as you will notice to inter-link SPC with Comp and other key indexes. I keep back testing them you may noticed IIX DOT PSE SOX relationships and key support points. I try not to highlight these issues on daily basis as I see a regular pattern but considering the relevance of yesterday 1416 point with 3380 I thought to overlook such a close shave with supports would be unfair to the efforts we make here. I printed the low of 1416 on cash S&P and 3380 on Comp, now look at these charts..http://quote.yahoo.com/q?s=%5Espc+%5Eixic&d=5d << IQBAL LATIF at Oct 4, 2000 10:18 AM I think the market would rebound after making an inter day test of 3380 area even little lower below the trend line and below the support line, I would not be surprised that we ring 1416 area on cash oreven break the trend line so as to give a fake close today, however we are in oversold territory but in this territory since everyone expects a rebound we test lower before going higher I will wait to enter and will like to add few stocks and throw my protective puts away today..I will cross check the Comp low with the S&P cash support for me 1432 area on SPZ is the area to watch for a bounce..fwiw>> The low of 3382.53 and SPC 1416.31 were hit at the same time.. Now if someone would have made that interday trade at that level the results would be amazingly good, it was for this reason that I set aside all caution and entered that trade to buy few stocks including options on MU..due to my lack of real time and unfortunately typical habit of doing things in course of a trading day I feel that a better and fuller response would have resulted even in better trade, I like to see now 1436 on SPC taken out and we head for that 1444-45 area that would translate to 1465 on SPZ where I would like the markets to close rather break them..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next