Shorts waiting to happen 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 : Shorts waiting to happen

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DB1960 who wrote (643)	8/31/1996 1:36:00 PM
From: Sabrejet	of 852

The NAZ MACD line is in the process of diving. This has proven for me to be a good indicator of that index; It's simple in nature. INTC and MSFT percentage wise would be a tough play. Even if INTC dropped to 70 your still looking at 15%. Well I know 15% is pretty impressive but there are so many issues out there that are still inflated with termite like pressures on them. AOL on a market drop will get you 20%+ and to me that would be a safer play than INTC or MSFT! As far as AMTX, I stated that there is resistance at the mid 18's. If this moves up early this week, I would now be short this. With so much uncertainty this early part of the week, I am looking at shorting any position which closes in on upper resistance prices. Sounds pretty simple and along with RSI and MACD is profitable. I don't see the NAZ now moving up through 1150 again. (high volume is a requirement as well!) I think the SOES bandits will run some issues up early in the week. Why waste three days! USRX at or over 54 is a short. If CSCO drops with a market drop(major) I would buy that immediately. $45-$47 range is the bottom. SYSF, from other thread, looks tough! On a correction, I would buy that at $25-$27. The DOW30 and DOW20 look sick now. The bond traders are spooked and as of Today, I'm sitting tight and waiting til Wednesday afternoon to go short. Rich

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next