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 : Classic TA Workplace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Win-Lose-Draw who wrote (125897)11/8/2005 5:36:16 PM
From: skinowski  Read Replies (1) of 209892
 
Interesting day. Finally get confirmation on slowing housing and market can't even manage half-percent redness

Maybe by tomorrow they'll start having their doubts.... I shorted NDX at the close and after hours. The grind of the last few days looks to me like a 5th wave of an impulse out of 10/28 low. That impulse, in turn, looks like a follow-through of a choppy structure from Oct 13 low.

All in all, there is a *structural* likelihood of a reversal, or at least of a meaningful pullback. May not be a very high odds play, but if it works out, the risk/reward can be sweet..... Stops are hard and tight.
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