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.
Politics : Idea Of The Day
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IQBAL LATIF who wrote (18497)5/30/1998 3:24:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
SOX is sitting at a level on 259 which is in ball park of 260 a level and a support only taken out twice since 1997 Jan. I would like this support to hold and expect that probably that may be the case. Composite and SPM are sitting on intermediate supports, with INTC still under pressure I see a possible test of SOX 243 the previous low
if 1092 on SPM is broken on Monday. For me caution still remains number one priority.Yesterday inability of SPM to break above 1102 showed a bias of a possible break. I feel as if some unseen hurdle is blocking the move up. NAPM numbers and positive data which may show slow down early next week will take us above 1102 otherwise we are prone to a slide down. I will initiate new positions above 280 on SOX and above 1110 on SPM otherwise will trade on short side with tight stop losses.
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