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 : Pitbull Investing Strategies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Langston who wrote (417)10/25/1997 8:33:00 AM
From: Doo  Read Replies (1) of 789
 
John: WOW!! That's like reading a list of my favorite stocks after after their untimely demise. Looking at the list makes me smile at first, then somehow sad..... ;)

My indicators show the Nasdaq turning point occurred on 10/8 when it failed to make further upside progress on volume higher than the previous day. An abrupt failure like we saw after that is unusual, and it caught me totally off guard. Luckily I got a huge bounce in my longs on Monday and Tuesday to get to cash. Unfortunately, I think I missed the best opportunity since January to use the PB Shorts at a prime point in a market turn. I'll be watching for a day in the indices where we make a 5 day low and close higher than the prior day with on higher volume. That will be my first heads up signal to pull up my shorts.

What a list, John!! Thanks for posting it.

Now, I'll re-read the Shorting Guide this morning. Then, we can start evaluating the particulars. However, once again, I'll say that if you can get the market right, profits on the PB Short will be remarkable. I can tell from many of your entry points that you had better than a 10% move this week.

Here's a question that has always troubled me in my view that general timing of the "M" for the PB Shorts is the key. When the market is broadly weaker in a correction like we are seeing, something has to have the highest RS and A/D rank in IBD, right? How can you select stocks that are not going to be the first to RS stop you out when things settle down a bit? Industry groups? Is my question clear?

Talk to you later.

Jeff
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