Classic TA Workplace 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.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack of All Trades who wrote (6876)	7/11/2001 2:54:30 PM
From: JRI	Read Replies (1) of 209892

JoT...we may get your dump here....but I am starting to ponder a big "what if" we rallied into a pretty significant turn date (July 19 or so)... * Would likely drive sentiment levels back to lows again, creating nice double-bottom * Would burn off Rydex cash...and punish late shorts (which this market has been apt to do) * It would allow QQQs to approach max-pain * We could put in another bounce off of down-trend line off recent highs...a formidable obstacle. * Historically, highs happen July 15th and after I believe...period after July 15th very weak for COMPX * We would try (one more attempt) at breaking H&S to upside (and fail) There is another turn date in early Aug....originally, I think Heinz B. was looking for a low on July 19th (panic), and then a retest in early Aug...... I'm thinking you're right about flat today...and I'm thinking tomorrow, after an early sell-off, we go up... Just need to find a wave count that matches this idea <G>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next