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.
Non-Tech : NOTES
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sun-tzu who wrote (1582)2/9/2002 6:36:35 AM
From: sun-tzu  Read Replies (1) of 2505
 
The COMPX hit the downside target with a Friday intraday low of 1772. I was most pleased because it coincided with the opening ceremonies of the Olympics. While this may not excite some who desire more technical confirmation, I feel that the national and international patriotism is enough to generate a countertrend rally. This will be fueled mostly by short covering. The bottom line is that bears pressed their bets and that internal pressure needs to be worked off. Poetic justice that this occurred at the Olympic onset.

The upside for next week is logically based at overhead resistance, namely 1880. At that point, the market will need real buying to overcome congestion.

So for next week, counter moves are in order.

long HAL
long ELN
short gold miners

Will reassess at weeks end. Go USA!
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