Trading the markets..... 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.

Pastimes : Trading the markets.....

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sandeep who wrote (1294)	12/5/2000 12:14:01 PM
From: Magnatizer	Read Replies (1) of 4583

sandeep The formation I am watching has a ABCD pattern in it (ABCD looks like a lightning bolt) At 68.40 CD was exact same point move as AB. The variation which leaves this pattern valid is for CD to equal 1.272 or 1.618 of AB. A move to 72.50 would be a 1.618 CD of AB. That said... I am bullish on the end of day chart based on my proprietary analysis. I post a daily commentary which has my most current thoughts. geocities.com I started buying QQQ options when my downside target of 2612 (nas 100 cash) was met. I have been building the position on weakness. Today's exit was to lock in substantial profits as the rest of the move up is not going to be "as easy" I do think we will see 2612 yet again after this move up. On an end of day basis I am looking for 2989 target initially (again nas 100 cash)... I just don't think the move up from here to there will be as direct as today's action. ht Mag

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next