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.
Strategies & Market Trends : Stock Attack II - A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JRI who wrote (2051)3/6/2001 10:26:21 AM
From: donald sew  Read Replies (2) of 52237
 
JRI,

>>>> I dunno, if I were long, I wouldn't want to see such a huge gap...I'm starting to think there's some juicing going on last hour <<<<

That gap today is fitting nicely with my belief of a retest. As mentioned often, declines of greater than 7% have a high probability of a retest. That doesnt mean it has to get filled today.

On FRI, I more than doubled my long position in the UOPIX where I went from 85% cash to about 55% cash. Just expecting a rally in the NDX to the 2050-2300 region, and then a retest which was supported by todays gap. So that gap is helping make the decision to take profits or hedge my long positions soon. Of course, there is a chance that the gap could get filled today, but I feel that it wont do that today since the market internals are continuing to improve and that I believe that the NAZ/NDX was building a base previously when the market was flat. I realise that many felt that it was negative that the NAZ/NDX didnt do its common strong/quick bounce immediately, but maybe this time it just needed a little base before bouncing.

Dont get me wrong, I am still bearish longer-term and if I had to guess, I would say its a 60/40 chance for LOWER LOWs down the road.

Just noticed that I could get a CLASS 1 SELL signal in the SOX in 1-2 days, so I will be hedging/taking profits soon.
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