Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (17979)	4/16/1998 9:35:00 AM
From: Jerry Olson	Read Replies (2) of 50167

Morning IKE Well my view of Kurlack is different from yours...He's just another person with an opinion...While he downgraded INTC 3 separate other firms Upgraded the stock to a Strong Buy...You & I can't trade on opinions of so many people saying so many different things... As for the SOX index, here;s my read as per P&F charting I use...Because of the size of the index each box used is for every 5 point movement in the index... It just tested 290-285..while it printed 290 it did not hit 285 even, so intraday doesn't count...the close was right at 290 good support before...on the recent upside move it just hit resistance at 310 this is the second time it hit this number... Ike the simple answer for me is this...if we break and close over 310, we go up to the next res. 325, if we reverse down from this level and go thru 290, there is good support at 280, and then straight down to 245-250.... So we will now wait and see what the real direction is for the near term trading range....I feel the markets are in good shape right now, but we will correct at some time, and those weak sectors and stocks will lead the way down hard... Let's watch the Bulls and Bears react as this story unfolds<G>.. Have a good one...Jerry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next