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 : P&S and STO Death Blow's
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ajtj99 who wrote (18323)12/4/2002 7:30:51 PM
From: ajtj99   of 30712
 
Another note, on the last 3-BPCOMP sell signals, the index dropped no more than 3% after the sell signal before rising towards the final highs. Last fall, for example, the sell was at COMP 1903, and the low after that was 1889. In April 2001 the sell was at 2059 and the low was at 2000 a couple sessions later. In January 2001 the low was only 1/2% below the sell, and it came the next day. The high was 3-sessions later.

I guess what I'm saying is you may want to use this signal and watch your shorts (and especially options) near term.

For the long term, 5-7 months, the prices should be at least 40-45% below these levels, so it's not a bad signal.

The current sell came about 6% from this week's top.
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