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: Suresh who wrote (26927)	6/6/2000 1:56:00 PM
From: Johnny Canuck	Respond to of 68417

Suresh, I agree with you short side call. I just think the time frame is too short for me to play and the downward move will be sharp and the recover quick. I can't sit in front of the monitor or I would join you. We are over extended by quite a bit here. CLRS just moved from 33 to 39 in two days on light volume as a example. The downside should be limited (3650 on the COMPX) for now. I think it will be healthy if we get some sort of re-tracement soon or the result will be an even worst retreat to 3400.As a result I have not done any trades this week yet. I will wait for a pull back to take more positions. At least my MRVC position from last week is finally showing some life.