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 (19080)8/4/1998 4:28:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I think this was here 8550-- level techstocks.com
however, I think we have substantial correction in RUT, Transportation
Commoditites, Health Care and HMO's now high fliers like DOW are facing the axe but one pep talk was not the by Ralph Campora was not why I was long and he change his opinion from Monday to Tuesday I will not this is very much normal, perfectly healthy and I think ASEA will take the cue from DOW, in my opinion ASEA would consider this mellowing down as a good neutral affect on Global markets-- on the close I have shorted 1020's for expiry 20 against 1050's long 6-- if I have a rally 20 premium will be great if DOW is unable to take out 8550 and try to close lower I will sell some calls and buy some more puts. I think CSCO will not disappoint, the range for next few weeeks will be 1136 to 1070-- we may see 1067 and a bounce from there tomorrow morning.
Nikkei futures I see is closing at a 200 point discount but I would consider that we may not see Nikkei closing more than this 200 points rather I would like to see a sharp pick up on this discount-- also this is a close below my critical 8550 I would like this not to close below it tomorrow as this would mean another 135 point room on the down side.. Remember my pivot 1070 like 900 on 750 to 990 move-- yes internals are bad but so is the correction on most of the stocks-- the winners like INTC CSCO EMC and others unlike 28th Oct are holding very well-- the carcks to break this market are just not there, even the kind of serious selling from instituions was absent I think somewhere the Funds are going to cover the hedge funds and we will see that ensuing rally will also be sharp I expect that to happen now if we take out 1118 on closing basis- I am dropping my upward cap from 1136 to 1118 on one closing basis.
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