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 : Ask DrBob

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: longdong_63 who wrote (54044)3/8/2002 12:20:15 PM
From: Drbob512  Read Replies (1) of 100058
 
LD: I am not sure that going long at 1945 increases the quality of your trades, if you consider that 1950 area has some decent resistance, and once we get there, we may need another breather. I may sell a little near 1950 unless the volume is heavy enough. After 1950 we have psychological resistance at 2000 of course.

I don't suggest you chase stocks today, but I have liked the prices last Friday and on decent pullbacks such as stochastic resets since then, but never buy on the highs of the session, or even the highs of the last 2-3 sessions but always wait for those inevitable pullbacks.

But I am looking at most of my positions from a slightly longer timeframe than I was when I was shorting 3 weeks ago. We could have an upward bias for another 4-8 weeks as the indicators wind down.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext