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 : Zeev's Turnips - No Politics
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lee who started this subject3/11/2002 11:29:45 PM
From: ajtj99  Read Replies (3) of 99280
 
Since most are expecting a pullback soon, I think we need first accept the possibility that the COMP could reach 1960 before it heads back down. That would be the upper level of the "box" I mentioned before. Whether that would be a close or an intra day high, we need to be aware that it may likely happen. COMP 1960 is also a good fib target.

The current situation is very similar to early November. The one main difference is the weekly charts are looking very good. That would seem to indicate that if we get a pullback, the next leg up could challenge the Jan. highs.
The time table for the test could be mid-April, IMO.

Anyway, I'm in nothing right now (except a small USPIX position I'll close on a pullback). I find it quite dangerous to buy at these levels, and even more dangerous to short at these levels. I'm planning on buying a pullback. My instincts had me thinking of getting puts this AM, but my brain kept me from doing it.

Sometimes, the best trades are the ones you never make.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News