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: HairBall who wrote (57690)	11/17/1998 9:56:00 PM
From: donald sew	Read Replies (3) of 58727

LG, The HAMMER on the RUT implys a reversal to the upside. Also my short-term technicals are now a CLASS BUY for the RUT; however please keep in mind that my CLASS BUYs or SELLs are only good for the initial pop or drop. I then need to revert to other analysis to determine continuation of the move. Although I have a CLASS BUY(short-term, 1-5 days) on the RUT, and it could pop, the technicals on the RUT are not that strong now and are actually showing signs of weakness. The RUT has broken its trendline to the downside and is still a distant away from it. Therefore this CLASS BUY on the RUT is not tradeable. What would now confirm its weakness is that it is unable to reach or exceed its previous peak. Im basicly convinced of a pullback of 5% or more to start soon, and that the upside before the pullback should be 9100, max 9200. If the NEW HIGHs were to exceed 100 tomorrow and following days, then I would change my position. Todays extremely fast 100+ point reversal in the DOW and the narrowing rally, could be ominous signs for the future, but that would require a heck of a lot more confirmation - just slight hints that may mean nothing or alot. Seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next