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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (22683)	4/9/2000 1:52:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

for comps, that 6 months red trendline is right there. let's say 4500 for tomorrow's level. i believe we have been getting a snap back rally and all the professionals knew that on friday (light volume remember?) but it doesn't mean there aren't good things to trade.. look at sunw,mot,intc,emc, etc.. worry about the market yes, but trade if you have good setups. we are traders... we are nimble. i think it's very important to have a long term and short term portfolio, esp. if you have a large portfolio

To: dennis michael patterson who wrote (22683)	4/9/2000 1:56:00 PM
From: Chris	Read Replies (4) \| Respond to of 42787

also notice we have a GAP opening that wasn't filled during the day on comp, and NDX on friday. most gaps do get filled. plus the gap was done NOT on high volume (which increases the chance of getting filled).. if it was a breakout/breakaway gap on high volume, then gaps usually dont get filled. an exmaple of THAT gap is on IBM ON 4/22/99 when it had great earnings news. that gap got filled in october, but the main idea in this post is that a gap created on LIGHT volume usually gets filled within a couple days. no hard rules.. and somewhat open interpretation. and also notice qcom has a gap at 171.. so if 161 is taken out, that is the next gap resistance.