Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IQBAL LATIF who wrote (21571)	11/21/1998 4:29:00 PM
From: Jerry Olson	Read Replies (2) of 50167

IKE I just looked at the SOX....there's trouble ahead... first the RS just reversed into a column of O's which is NEG momentum... the index has gone straight up 25 consecutive boxes one hell ofva run!!! my first guess would be a 1/3 retracement down to 275 which is good support..if it heads further south say at 50% then the next line for defense is at it;s BRL(bearish resistance line) at 250ish... the index has not reversed the normal 3 boxes for it's first sell signal yet...it may trend higher, but not very much if at all...the first 3 box down move would be 295 on the index..."this would be a sell signal"... i might jump in early considering the enormous runnup from out of the clouds... i have been talking about caution in the semi equip sector ala AMAT-KLAC-NVLS-KLIC, they might get beat up here a bit...they have ALL doubled from the bottom we talked about a month or so ago... anyway just doing my P&F thing<ggggg>.......

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next