P&S and STO Death Blow's 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 : P&S and STO Death Blow's

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff who wrote (897)	5/24/2002 9:21:18 AM
From: ajtj99	Read Replies (2) of 30712

I'm starting to get intrigued by that triangle forming off the Sept. 11 low through the 1560 COMP low (lower line, and upper line the falling resistance off the Jan high). These lines are converging, so the best assumption right now is that we play within these lines through the end of month/beginning of month strength before dropping through the bottom of the triangle. Many of the indices have similar structures also. If we drop from COMP 1660 or so to COMP 1540, we could be there in a week after the June 3rd turn. That could set up a final options related ramp to test the bottom of the triangle before the final plunge to the Sept. lows. Enlightenment. Wow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next