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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bid Buster who wrote (281377)3/26/2004 3:50:21 PM
From: Michael Watkins  Read Replies (1) of 436258
 
I'd be a bit surprised if it didn't retrace at least 50% of of yesterday's range over Monday/Tuesday.

On the other hand, if price moves up directly on Monday, there will likely be another 30+ point range day on the NDX as buyers (who seem very pessimistic to me these past two days) suddenly become believers and my too slow on the draw short buddies get religious in a hurry.

I somehow doubt that sellers will be able to push the SP/NDX down to the previous lows and eventually the failure to do so will result in another leg up.

Could be wrong but I'm long from Tuesday with break/even stops. Hopefully nothing blows up over the weekend - another 5% up and I won't have to be concerned about overnight news risk.

Although another 5% up I might be looking to exit too...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News