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 : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Patrick Slevin who wrote (48766)7/29/1998 7:01:00 AM
From: donald sew  Read Replies (2) of 58727
 
Patrick,

For the past 2 days there was alot of negativity in the market, but the helium was able to stage a comeback both times. Unless there is news to promote further negativity, feel that the next few days will be a more tamed struggle between the bulls and bears which may keep the market relatively flat or to the upside. We could even have one last significant pop to the upside producing a BULL TRAP.

Right now my short-term technicals are right on the oversold borderline. From that point it would take 2-3 average up & flat days to get to the overbought region or 1-2 nice up-days to get there.

We also have to keep in mind the END-OF-MONTH rally which could extend an upswing into early next week, but that will be it. Im still calling the ceiling at 9150-9200 for this specific short-term upswing if it gets moving upwards at all.

If I had to guess, the best chances for a pop to the upside would be tomorrow, especially if today remains flat.

Seeya
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