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: Doo who wrote (472)11/8/1997 8:52:00 AM
From: Atin  Read Replies (2) of 789
 
Hi Jeffry,

After all your talk about Chapter 7, I went and reread it. And reread it again. But I'm still not sure I get the whole idea yet.

Basically what it looks like to me is that we're trying to figure out if we hit a bottom on blue monday, right? WON says that you wait for a follow through day in the 3-10 day period following it. I don't think we've seen that yet (I'm not counting the weekends), and we have 3-4 more days to go. All of this sounds fine (I'm staying out of all my favorite stocks, and they go up everyday, but I was impressed enough by your market timing that I'm going to follow the 'rules' this time). But what happens if we don't see a rally day between the 3-10 day period? We consider this a failed rally and assume that the market is going to dip more? Does this mean we should be short instead? Or does one only short in a bear market and this isn't a bear market, just a near bottom one? This is the part that has got me stumped.

Thanks in advance,

-Atin
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