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: StockOperator who wrote (5402)4/11/2001 12:00:45 PM
From: StockOperator  Read Replies (2) of 52237
 
So far 10173 is the high printed for the DOW. In my post from the other day I said 10150 would be an area of serious resistance. I am continuing to watch how prices handle that area. Stocks like CIEN are running hard and on a quarterly time frame may yet be able to run up to 60 (possibly??). But then will run into a brick wall that will almost without question stop prices dead in their tracks until the third qtr. of the year. That's why I know this is not going to be a run away train to the upside (at least for CIEN). Some stocks like QLGC, RMBS, BEAS and MUSE continue to have the potential to run to higher prices still. How that plays out with a DOW that is running into pressure right here remains to be seen. They may or may not fulfill the upside potential on this quarterly basis.

Continue to watch that all important level on the DOW. I wouldn't expect much in the way of pressure this week. I think the real pressure will come next week.

Good trading.
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