Silicon Investor (SI) -- The First Internet Community

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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (24020)	10/17/1999 11:20:00 PM
From: shasta23	Read Replies (1) \| Respond to of 68128

Dorothy! Regarding the S$M list: if you start with 20 stocks in the gainer and loosers list and take half of that away on day 2 you only have 10 stock, 5 the next day, 2-3 stocks on 4 and only 1 on day 5...and since CLINT looks for even 6 day oversold no stock would remain with that technique. So i can't believe that this is the right technique. And juggeling all these portfolios around seems like a lot of trouble since i still have to look at the stocks anyways. So why not flip through the 100 charts quickly and notice which ones are retracing and which are advancing. Obviously Clint likes a pause in the advance(in case it's sideways movement)or a pullback of 5-6 days. You should be able to see this easily on the charts. Until Clint spells out this way a little clearer i rather just look at the charts. So how will tomorrow unfold? The futures are only mildly negative at this point(around -700 on the NAZ). I sometimes try just for the fun of it to imagine what would surprise the majority of the people the most. The question is what "the majority" thinks at this point. Some fearful "investors" will sit at their computers tomorrow morning before they have to leave for work and maybe they will take market up to suck them in as buyers ("oh it's just another dip!") just to take the market down under 10k to shake them out again only to end the market slightly higher tomorrow before the big earnings day on Tuesday(MSFT,TXN,IBM e.g.) which will decide the fate of the market for the next weeks imho. MSFT and IBM's Chart really don't give me much confidence for positive surprises so we could go lower...but who knows. Stefan