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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1843)	12/9/1999 1:04:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 19219

J.T. Updated the 21 min fork chart on site. Had a good short entry on it but I remain flat this market. Bonds have lost the utrend fork outlined on site. BKX... YIKES continues. geocities.com ht david

To: J.T. who wrote (1843)	12/9/1999 1:08:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 19219

I think we are just in a big whipsaw. The breadth of the Nasdaq is the strongest it's been this year. Any sudden drop will be followed by a rebound. The bulls must be taken out totally to see any real damage. I would look to trade the NDX for a while.

To: J.T. who wrote (1843)	12/9/1999 4:48:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

No action on QQQ puts again. I will be clear if action is taken. After hitting intrady low of NDX 3,094, I was looking for a rally back up to this "3,140 high end level". We actually got back up to 3,160. Then we went down to 3,120 and headed right back up. On a two minute scale it briefly breached 3,120 to 3,119.50 for all of about ten seconds but this was not enough for me to pull this trigger as it was a trap: ...<QQQ puts... now look for rally to NDX 3,120 to 3,140 level and then cross back down below NDX 3,120 to buy Jan QQQ puts>... Whipsaws everywhere and somehow I avoided this trap. Best Regards, J.T.