Galapagos Islands 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 : Galapagos Islands

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jorj X Mckie who wrote (19659)	1/4/2003 11:39:21 PM
From: PuddleGlum	Read Replies (1) of 57110

Your French isn't improving, Jorj, I'm sorry to say. I stared at charts for a long time today and here's what I come up with: Bearish case: The top that we saw at the end of November was very significant, and I've seen nothing yet to clearly negate it. We could rise a few % on the news of Bush's economic plan, but we still have overhead resistance at 1425 on the Naz. $NDX p&f chart looks unhealthy. Now that the holidays are over and it's clear to everybody that the retail sector is teetering, what else is there to hope for? Bullish case: My take on the short term is that we have a bounce coming. VIX p&f looks like it has to drop from here, which means that the market goes up (possibly for more than a bounce). Lots of stocks trading for a fraction of book value, so bargains are to be had. The VIX action leaves me uncomfortable with the puts that I bought on Friday. My timing was poor, and I think that a better entry into puts or calls will present itself over the next few weeks. Another issue that troubles me is that the listening posts that I pay attention to are quite bearish, which means that the contrary direction is UP. The more I know the confuseder I become. :-(

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next