Tech Stock Options 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 : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (48449)	7/26/1998 10:30:00 AM
From: Lee Lichterman III	Read Replies (1) of 58727

Agree with all you say, especially the stochastic indicators etc. However, IF we do go up this week, doesn't the DOW theory say we SHOULD pull back about 2/3 of our previous run which might show this was just a healthy correction so far. I know that you should always use other indicators to qualify what you see and as you pointed out all the other indicators are ugly but again IF we bounce and the MACD, A/D etc improve, then we will have to see if we can slow our rate of ascent and reach a higher high. Personally I don't think the fundamentals will support a run right now as there is no news on the horizon to justify a climb so I am definitely short term bearish but I think this 2/3 correction has been healthy so far. It would be good to stabilize here a while if it weren't for those weekly candles, double tops and H&S patterns all over the place.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next