Raptor's Den 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.

Non-Tech : Raptor's Den

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: velociraptor_ who started this subject	8/22/2002 11:49:34 PM
From: rmullin6044	Read Replies (2) of 10157

Velo, when the Dow reaches 9499, short DIA. How much upside do you expect for the Dow above 9400? Are you gonna buy calls or just go long on the diamonds? August 7th: Above 8900 on the DOW and I would turn neutral. Above 9400 I am bullish. 935 is my neutral line for the S&P August 8th: We should be at or near a top for this rally August 13th: I just don't see much at all in support of the bullish side. I suppose a move up above 9400 in the DOW maybe, but we're just not going there. If we had any upside left at all, I doubt any strong push could get us over 9000. August 14th: Nasdaq highs are in and I see no chance of moving above the high made off the July 23rd low. The high from yesterday may be tough too. S&P and DOW might make it back to retest the highs we just made, but should not go much higher if it does. Shorts can hang on because by next week, it could get ugly. The ramp here is a gift to the bears and a last chance to get out long. Top is no later than Friday and is favored to come in Thursday. If it comes in tomorrow, we should pull back and then make one more run to try and test the highs from this past Friday/Tuesday. August 15th: Major turn date Aug 16/19. High is tomorrow August 19th: true, 9400 is an absolute max to this upside, but we're already losing momentum fast. We'll struggle to get over 9000 if it can get there at this point. 9400 doesn't seem possible unless we pullback lightly for a few days first. We're winding it up tight though as we drift higher. We have a good chance for down tomorrow now to start the pullback. Volume was even lower than Friday so we have a terminal pattern that looks complete.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next