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.
Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (1995)1/31/2000 7:32:00 PM
From: SecularBull  Read Replies (1) | Respond to of 8096
 
Jan 2002 $40s, $50s, $60s, and $70s.



To: Jill who wrote (1995)1/31/2000 8:04:00 PM
From: cthruu  Read Replies (1) | Respond to of 8096
 
Hi LoF:

I checked the WCOM chart and the weekly chart shows 62% retracememt of the Oct low to Jan high. Some other indicators also show support in 41/42 area so the time to buy was right.

However this is a 4th wave retracement and my indicators suggest a possibility that the 5th wave may fail or falter. So, if it fails to take out the high of 64 5/8, I will not hang around too long and see my premium melt away.

Personally, I think NT, GBLX, PCS etc. have better chart patterns than WCOM. Yesterday's discussion on GBLX was very enlightening and it is one of Gilder's focus stocks. LVLT, in the same category, went up in this down market and took off again today.

Just a thought.

Regards:

GP