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: Jerry Olson who wrote (22019)12/21/1998 3:50:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I will like to think that we will test last week resistance and the new support of 1095 today. If we take out this range of 1092-ao95 on closing basis I would like to think the break above 1195 on Friday as false break. We need to have a second close above 1195 today, I will also be watching 3000 on transportation and 9010 area on DOW-- and BKX 815 a co-ordinated move up will have interesting run to 1230 but 1750 on NDX has been a very toppish target and I am on it-- I would think that the market will lower supports and try to take them out. I will like initiate new positions at 1180 break on put side or 1685 break otherwise in my opinion if we break this 1195 in second session we can go much higher as high as 1970 on NDX full 220 points from here, we may see a euphoric buying in hi-fliers like CSCO's and MSFT's and other NDX components however if the broad market remains soft this will be a move which may not be sustainable over next three months for me such a move would herald a melt up phase of the market and one should participate in this move with outside the money long calls only however the emphasis should be to see if the integral supports are being taken out and keep a close watch on BKX Tranportation and DOW these indexes need to move up.. Anyway I will not like to own AMZN at 175 and therefore will not be tempted to buy at 400- for me all these stocks will come in long term buying range and the best for a trader would be to play this market with out of money calls-- SOX on break of 360 may move up qucikly to 402 area this would quiet certainly assure movement of NDX- all these indexes are very critcal to watch..
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